Managerial Competency - 1166 Words

Introduction ‘‘Competency-based strategic management is a relatively new way of thinking about how organizations gain high performance for a significant period of time. Established as a theory in the early 1990s, competence-based strategic management theory explains how organizations can develop sustainable competitive advantage in a systematic and structural way. The theory of competence-based strategic management is an integrative strategy theory that incorporates economic, organizational and behavioural concerns in a framework that is dynamic, systemic, cognitive and holistic (Sanchez and Heene, 2004). This theory defines competence as: the ability to sustain the coordinated deployment of resources in ways that helps an organization†¦show more content†¦An alternative would be to set a reminder that will alert one on what to do at a specific time. Teamwork Competency Accomplishing tasks through small groups of people who are collectively responsible and whose work is interdependent requires teamwork competency (Hellriegel Jackson, Slocum Amos Klopper, Louw Oosthuizen, 2007, Page 15). A united nation is a winning nation; teamwork is about working together to achieve a certain goal. Communities work together for example to fight the socio-economic problem which is crime, in turn making it a safer environment. In the same sense businesses work as a team to improve efficiency in the working environment. When it comes to designing a team, team-building strategies work best, as the strategy brings employees together creating a close relationship amongst them and making them work as a more united team. Relating teamwork competency to the author, a negative result will be the outcomes, as the author believes that working alone is more effective, but people have different opinions on the subject. Global Awareness Competency Carrying out an organization’s managerial work by drawing on the human, financial, information, and material resources from multiple countries. People watch the news to stay informed of what is happening around the world and in their communities. Researching what causes inflation is part of global awareness, when an individual decides they want to go work overseas they undergoShow MoreRelatedManagerial Competencies2341 Words   |  10 PagesQuestion 1. List the three managerial competencies that have led to your success so far in your job. List your strength and, for each strength listed, determine how that strength might get you into trouble and why is it so difficult to become and effective middle manager? Answer Managerial competencies is defined as sets of knowledge, skills, behaviours, and attitudes that a manager needs in order to be effective in a wide range of managerial jobs and various organizational setting. There wereRead MoreCompetency Mapping4505 Words   |  19 PagesA lot is going on in recent times on the issue of competency mapping. A lot of resource is spent and consultants are invited to do competency mapping. Competency mapping is gaining much more importance and organizations are aware of having good human resources or putting the right people on right job. Competency mapping is important and is an essential exercise. Every well managed firm should have well defined roles and list of competencies required to perform each role effectively. Such listRead MoreHow Does the Development of Core Competencies Provide Both Advantages and Disadvantages for an Organisation?1642 Words   |  7 Pagesdevelopment of core competencies provide both advantages and disadvantages for an organisation? What steps can managers take to prevent core competencies becoming core rigidities?† In today’s world competition among firms becomes globalized and more intense. In order to become superiorly competitive, companies should enhance its competencies in a way that will allow them to achieve dominant position in a market. One way of accomplishing it is by development of core competencies. Competencies are consideredRead MoreAnalyzing The Pros And Cons Of The Following Options1618 Words   |  7 Pagesonly the top talent ), these measures will only serve to increase the costs of operating in this environment and undermine the primary driver for entering the country. Further, obtaining the right mix of cost and quality will require significant managerial oversight, which the firm may not have the bandwidth to provide. Profitability gains may not be achieved due to rising wages and infrastructure costs. According to the case, the nature of working in India is such that there is significant competitionRead MoreCase Study - Intel This is a strategic management case3101 Words   |  13 Pagesopen-minded workplace. Given the dynamic industry Intel is operating in, innovation can be obtained through investing heavily in Research and Development (RD). All the above-mentioned strengths may only feature in an organisation that has great managerial vision; in other words, Intels management was able to analyse the changing patterns of the industry, make choices (see the buying options) and implement them quickly (i.e. strategic flexibility) in order to achieve competitiveness. Finally, anotherRead MoreCompetency Inventory4444 Words   |  18 PagesFunctional Competency Inventory and Design by Jai Cortes I. Title of the Diagnostic Tool: Functional Competency Inventory and Design II. Overview of the Diagnostic Tool a. Definition In a nutshell, functional competency inventory and design, is a tool which aims to measure the competencies of functional groups of organizations, which are affected by their respective core objectives. In 1973, McClelland supported â€Å"testing for competence, rather than intelligence.† By definition, competencies are â€Å"generalRead MoreCase Analysis2674 Words   |  3 Pageshis professions; this just means his technical skills took a lower priority. The capacity model by Michael Mumford contains five components. The skills that attributed to the success of Coach Knight are the individual attributes. The skills of competency, motivation and more specifically problem solving skills were the skills he possessed according to this model. He had a deficit in his social judgment skills and environmental influences that, in turn, worked well for Coach K and to his successRead MoreManaging Organizational Behavior And Management1720 Words   |  7 Pages Managing organizational behavior Managing organizational behavior is a complex issue which requires application of various managerial skills and competencies. In order for the management to be effective in carrying out its functions of controlling, leading, planning and organizing which more often than not involve the participation of the non-managerial staff, it needs to be effective in managing the behavior of its employees. Effective motivation of employees and observation of ethics in dealingRead MoreIntegrated Family Wellness ( Ifw ) A Alternative Medicine Medical Clinic1584 Words   |  7 Pagesconjecture, at this point. Executive Summary The preliminary task analysis identified the key tasks, competencies and skills required to perform the job at the most efficient level. After consulting with the owner and key staff, the job descriptions were updated, taking each description, a skill analyses and outlining of competencies were identified for the positions mentioned in the handbook. These competencies are then used to discover specific training needs. This is particularly useful due to the factRead MoreManagerial Effectiveness: A Concise Definition803 Words   |  3 Pageseffective leaders at the helm so as to remain relevant. In this text, I concern myself with managerial effectiveness. Managerial Effectiveness: A Concise Definition In basic terms, managerial effectiveness can be taken to be the achievement of the desired organizational goals, results as well as objectives by taping on the unique abilities of the management. Indeed, as Certo Certo (2006) note, managerial effectiveness has largely got to do with the accomplishment of the prevailing organizational