Factor 9: Your Industry Experience
Specialized knowledge and networks within your industry sector lend credibility and open leadership opportunities. Staying abreast of industry trends and innovations ensures your expertise remains relevant. Identify areas to deepen your sector knowledge to maintain your competitive advantage.
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What's the nature of your industry sector experience or expertise?
Experience and knowledge gained within a specific industry are valuable assets you can leverage to build credibility, pursue leadership roles, enjoy job stability, and discover new career opportunities.
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Industry expertise: Examples include Technology, Healthcare, Banking, Consumer Goods, Energy, and more.
Sector specialization: Many professionals develop unique insights or networks tied to industry sub-sectors, such as MedTech within Healthcare, FinTech within Banking, or Sustainable Packaging within Consumer Goods.
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Ask yourself:
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What are my key industry experiences and areas of specialization?
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Is my industry expertise still valued and up to date?
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What trends or innovations are shaping my industry, and do I have the skills to respond?
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Which industry-specific skills or certifications should I pursue to remain competitive?
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Reflect on both the depth, breadth and context of your industry experience.
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For example, consider whether you have spent several years developing deep expertise in a core role or niche area, or if you have gained exposure across multiple functions or sub-sectors within the industry. Recognizing this helps clarify where you add the most value and where you may want to broaden your experience.​
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Consider the unique context of the industry in which you have worked. Some industries are highly regulated, fast-evolving, or exposed to global trends, while others present significant challenges or opportunities for innovation. Think about any sector-specific conditions—such as compliance requirements, market volatility, or high-value project work—that have shaped your skill set and provided you with transferable or specialized competencies that are attractive to other industries.​
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Evaluate the era or current stage of your industry. Is it emerging and characterized by rapid growth and innovation? Is it in a phase of maturity or steady performance, or is it facing decline and restructuring? Reflect on how the stage of your industry has influenced your work, opportunities for leadership, and need for adaptation. For example, working in an emerging industry could offer early adopter advantages and require resilience, whereas a plateaued or declining sector may place greater emphasis on change management and transformation skills.
What next?
Jot Down In Your Note Taking App
What observations do you have of your industry sector experience?
Take a few minutes to reflect on your industry experience. In your notes app, jot down your observations about where you stand today and where you might want to grow. Consider the following prompts:
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The industries and sub-sectors you’ve worked in
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The depth and breadth of your industry expertise
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Areas of knowledge or skill you may need to develop to stay competitive
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Key industry trends or innovations influencing your role or organization
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Any networks, specializations, or sector insights that give you an advantage
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Emerging trends that could shape the future of work in your field
Mapping this out will help you see your current strengths, identify development areas, and uncover new opportunities for growth and leadership.
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