Gut feel is not an acceptable management competence.  Winging it will not fly!

The new role for human resources requires a clear conceptual framework, comprised of the basics of all the different HR functional specializations.  It must include the latest leading-edge thinking and theories on human capita by academics, CXOs, and HR practitioners, as well as best HR practices. 

These best practices must have been tried out and tested by normal-sized successful companies.  We can learn little from experiences of the celebrity behemoths with their hundreds of thousands of employees.  Their practices are not applicable to normal companies.       

In addition, executives in the New HR role must possess solid competencies as all-round business executives in the global marketplace.