In addition to these four Ps, one other to consider is position, which focuses on how one differentiates itself from the competition. As outlined in the classic business text
Competitive Strategy, Michael Porter describes three potential generic strategies: cost leadership (leading on the basis of cost, such as a Wal-Mart), differentiation (based on unique features and benefits, like a Wegmans), and focus (targeted to a certain group, such as Lexus targeting the luxury car buyer).
* l0 Y+ Y; [' r( t/ |Translate these strategies to your product. Cost leadership can be translated to an organization's position in terms of total value of the opportunities (i.e., be a market leader, lagger, or just keep pace when it comes to salary and benefits packages).
0 a8 c4 g( ~9 g5 [) H KDifferentiation focuses on communicating an organization's features and benefits (such as how Southwest Airlines focuses on being a "fun" place to work). Focus targets specific types of candidates, similar to how commercial airlines recruit pilots from the military.
! K$ R; S, y8 l$ S, V1 k& y1 pConsider putting some, or all, of these marketing approaches to work for your organization to stay fresh in your approaches to talent acquisition. These classic approaches applied in new and creative ways can help keep you ahead of your competitors and, of course, make the all-important sale. In our world of recruiting, this means closing the deal by landing the best candidates.
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Finally, I have not yet figured out how I can adapt some of the basic approaches in research and development (i.e., the Scientific Method) to recruiting, so if anyone has any ideas, please share with the rest of us. We'll then have a complete parallel between the recruiting and the major line functions of the business world.
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Lisa Calicchio (lacallic@corus.jnj.com) is director of professional recruiting for Johnson & Johnson Recruiting, the internal talent acquisition organization of the Johnson & Johnson Family of Companies. In this role, Lisa manages the development and delivery of talent acquisition services and consulting for Johnson & Johnson’s U.S. operating companies with a staff of specialized recruiters, sourcers, and coordinators, led by a team of managers with broad account responsibilities. In addition to managing a growing business and client base, Lisa focuses on enhancing JJR's consulting capability through subject-matter expert teams for key recruiting areas of focus, including workforce analytics, talent market assessment, and interviewing.