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Industry Knowledge

Knowledge of the organization’s industry group, trends, directions, major issues, regulatory considerations, and trendsetters; ability to apply this knowledge appropriately to diverse situations.

Behavior Statements

Proficiency Level 1 - Basic understanding

Names key industry players, leaders, and trendsetters.

Describes key products and services in the industry.

Explains how own organization compares to others in the industry.

Identifies key industry segments and associated characteristics.

Proficiency Level 2 - Working experience

Describes the contribution of own function as it relates to the industry segment.

Currently works with a major industry segment and associated functions and features.

Demonstrates current knowledge of the regulatory environment for industry segment.

Discusses industry-specific flagship products and services.

Participates in major industry professional associations; subscribes to industry-specific publications.

Proficiency Level 3 - Extensive experience

Educates others on own organization in terms of the industry - its market position, niche (if any), etc..

Explains the development of industry segments - trends, consequences, key issues.

Assesses how regulatory and reporting requirements apply to own organization.

Discusses industry-specific cycles and associated considerations.

Raises coworkers' awareness of industry standards, practices and guidelines.

Compares and contrasts the latest developments and emerging issues in the industry.

Proficiency Level 4 - Subject matter depth and breadth

Articulates and discusses industry-specific issues and challenges within own organization.

Monitors relevant industry trends and their implications.

Monitors market changes and communicates implications to management.

Explains business directions of key competitors and industry leaders.

Comments on recent developments in industry's regulatory environment.

Describes the history and evolution of the industry and specific segments thereof.

Interview Questions

  • What types of trends have you noticed within this industry that have occurred over the last few years? What are the implications of these trends?
  • What challenges have you faced in this industry? Describe how you were able to overcome them.
  • Describe some of the industry-specific products you have experience using from your last role.
  • What success factors would you say are necessary within this industry?

Titles with Shared Competencies