Market awareness
Market awareness is the ability to understand and respond to market trends, customer needs and competitive pressures, while effectively managing and developing a team to accomplish organizational goals, and fostering innovation and adaptability within the workforce. It enables strategic decision-making for people management.
Level 1: Emerging
At an emerging level, you are beginning to understand market trends and factors that impact your team. You're taking initial steps to align team efforts with industry realities.
Level 2: Proficient
At a proficient level, you are able to demonstrate a solid understanding of market trends, competitor activities, and customer needs, and use this knowledge to inform strategic decisions in people management.
Level 3: Advanced
At an advanced level you are adept at anticipating market trends and their impact on talent recruitment, development, and retention strategies within the organization, ensuring competitive advantage in talent management.
