Posts Tagged ‘Target Companies’

Most job seekers take a reactive rather than a proactive approach to their job search. Their focus is on submitting resumes online to jobs that they see posted. This may be the easiest approach, but it is far from effective or efficient. One of the most essential components of a strategic job search plan is to have a target company list. Why is this so important? If you are not aiming to go somewhere, you will not go anywhere. The best way to differentiate yourself from the masses of job seekers, is to position yourself as the solution to the problems of your target companies. You cannot position yourself as a solution, if you do not know their problems, and you cannot know their problems if you do not do adequate research.

A couple of weeks ago, when I was at the Laguna Niguel Connectors networking meeting, someone said to me that he understood the need to research target companies, but didn’t know where to get information. The best sources for company research are informational meetings and industry conferences or associations. In addition, here is a quick list of great online resources that you can tap into for the information you need.

1)      Call Companies for Information

The power of a simple phone call cannot be over estimated. In today’s era of social media, use of the phone is becoming a lost art. You can use this to find out

2)      Informational Meetings – Talk, either by phone or in person with current or former employees, suppliers, vendors, distributors, competitors and industry experts.

3)      Company Collateral

a)      Company Web sites

b)      Company Brochures

c)       Annual Reports

d)      Newsletters

e)      Archived Webcasts and Earnings Calls

4)      Industry Associations and News

5)      Magazines & Newspapers

6)      Professional Organizations

7)      Additional Internet Resources

a)      Reference USA – free access through many libraries. If you have a library card, go to the library website, check online data bases, and click Reference USA. You will be prompted to enter your library card number.

b)      Mergent Online Company Data Base – same as Reference USA, is accessible through many public libraries

c)       Linkedin

d)      Other Social Media

e)      Google Finance

f)       Google Discussion Group

g)      Blogs

h)      Analyst Reports

What other resources do you recommend for target company research?

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 In an article in Sports Illustrated on Mike Brown, the new Lakers coach, Lee Jenkins writs about how Brown strategically prepared for his next job. “No one wants to follow a legend, but Mike Brown knew Jackson was retiring, and he found himself watching the Lakers more than the Heat. By midseason he was taking notes on them like an advance scout. When they combusted against Dallas in the playoffs, he detailed their vulnerabilities to the pick-and-roll, and when Bryant termed the season “a wasted year of my life,” he felt goose bumps. Lakers owner Jerry Buss invited Brown to his home in May for an interview, but Buss was not prepared for all of Brown’s baggage: a binder filled with more than 50 pages about the team, separated into sections, including one analyzing every Laker and another evaluating potential trades. Brown also brought four DVDs, one 49 minutes long, depicting defensive coverages. When Jim Buss, the owner’s son and Lakers executive vice president, asked to take the DVDs home with him, Brown resisted. He didn’t want them out of his hands….. When Jim Buss called Brown to offer him the job, he told him, “I’m hiring you because I want to see those DVDs.”

Brown is an unlikely coach to the stars, having never played professionally, or even stood out as a collegian. … He became a defensive specialist at San Diego and found his way to the NBA when he spotted a picture of then Nuggets coach Bernie Bickerstaff on the cover of the alumni magazine. Brown asked for an internship, and even though Denver didn’t offer any, Bickerstaff hired Brown to help run team-sponsored camps. Brown traversed Colorado in a red Nissan pickup, devising clinic schedules as intricate as his practice plans. From there, Brown had stints as an assistant with the Wizards, Spurs and Pacers before the Cavs hired him”.

After reading the article, my 16 year old son said, “Now I understand why they hired Brown. He was so well prepared, the Lakers couldn’t help but hire him.” Are you doing everything you can to ensure that your target company has no choice but to hire you?  Do you have a list of realistic target companies?  Are you pending hours researching them, understanding their problems and headaches?  Are you preparing scenarios for their success? Are you positioning yourself as the solution to their problems? Strategically looking for your next career position is a full time job. Do not leave it to chance

http://sportsillustrated.cnn.com/vault/article/magazine/MAG1193035/index.htm.