Company Competencies are the set of skills, abilities, and knowledge that a company possesses that help it to be successful. They are the core capabilities that enable the company to provide value to customers, differentiate itself from competitors, and meet the demands of the market. Types of Company Competencies 1. Technical Competencies: These are the technical skills and knowledge necessary to create the products and services of the company. Examples include knowledge of a specific technology, such as software development, or expertise in a particular industry, such as healthcare. 2. Organizational Competencies: These are the skills and abilities that the company needs to manage and operate itself effectively. Examples include organizational culture, strategic planning, and operational excellence. 3. Market Competencies: These are the skills and abilities that the company needs to understand and meet customer needs. Examples include understanding customer needs, building relationships with customers, and developing customer loyalty. 4. Financial Competencies: These are the skills and abilities that the company needs to manage its financial resources and ensure financial stability. Examples include budgeting, forecasting, and financial analysis. 5. Human Resource Competencies: These are the skills and abilities that the company needs to recruit, develop, and retain talented employees. Examples include talent management, succession planning, and employee engagement.
Company Competencies
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The 3 Core Competencies Communication. Thinking. Personal and Social.
List of key competencies Business awareness. Knows what we do and how we do it.Customer orientation. Identifies and prioritises customer needs and recognises constraints.Analysis/problem solving.Quick thinking/learning.Team work.Communication.Self confidence/resilience.Judgement/decision making.
The seven core competencies are: Lean-Agile Leadership. Team and Technical Agility. Agile Product Delivery. Enterprise Solution Delivery. Lean Portfolio Management. Organizational Agility. Continuous Learning Culture.
What Are Core Competencies? Core competencies are the resources and capabilities that comprise the strategic advantages of a business. A modern management theory argues that a business must define, cultivate, and exploit its core competencies in order to succeed against the competition.
The 4 skills: Creativity?to find solutions. Critical thinking?to think logically. Cooperation and Communication?to work together.
Competencies fall into three main categories: Core, Cross-functional and Functional. All are important, but there is a hierarchy.
Business core competencies are your company's unique abilities, products and services that give it a competitive advantage in your industry and market. Personal core competencies are akin to the skills you search for on resumes when hiring new employees for your company.
List of key competencies Business awareness. Knows what we do and how we do it.Customer orientation. Identifies and prioritises customer needs and recognises constraints.Analysis/problem solving.Quick thinking/learning.Team work.Communication.Self confidence/resilience.Judgement/decision making.
