By Carole Matthews Chief executive officers and founding owners make one classic mistake when evaluating successors, says Mike Zwell, CEO of Zwell Internationalan executive search firm that specializes in competency-based CEO and board searches, and chairman of Exxceedthe creator of Web-based solutions for succession planning and performance management: They don't start out by identifying what the critical competencies of a CEO are. This means evaluating a potential successor's ability to do the job on an academic and experience basis as well as evaluating his or her skills as a leader. Here he offers the five most critical, and most often overlooked, competencies that candidates should be evaluated on.
Leveraging core competencies usually provides the best chance for a company's continued growth and survival. Prahalad and Gary Hamel, review three conditions a business activity should fulfill to be a core competency. Secondly, a core competency should not be easily replicated or imitated by competitors.
Lastly, it should be rare; it should be something not found in a competitor. Development of Core Competencies Resources, such as human resources, physical assets, patents, brand equityand capitalcan be or can contribute to a company's core competencies.
An organization's capabilities can also be or contribute to core competencies, and they consist of how a firm uses its resources to be competitive and operate efficiently. Once an organization identifies its core competencies, internal investment should be directed toward maintaining these areas and ensuring they remain unique within the industry sector.
Sometimes, when particular functional areas or activities are outside of the core competencies of the business, outsourcing is considered.
Outsourcing is essentially a transfer of business to a company whose core competencies include the transferred activities and functions.
Core Competency Areas A business is not limited to just one core competency, and competencies vary based on the industry in which the institution operates.
For example, a government agency involved in unemployment case management may include core competencies in the areas of information technology management, budget, and finance. Hospitals and clinics may focus on patient care and medical knowledge, while childhood education agencies may prioritize growth and development, health, and nutrition.
Core Competency and Retail Business While customer service can apply as a core competency in both the goods are services industries, certain activities are more exclusive to certain sectors, such as the sale of goods.Process 1: PLANNING AND DESIGNING NEW SERVICES LIST OF COMPETENCIES AND COMPETENCY INDICATORS, BY PROCESS Category Competency Competency Indicator NETWORK CARRIERS - TELECOMMUNICATIONS.
The Core Competencies for Public Health Professionals Are a set of skills desirable for the broad practice of public Policy Development/Program Planning, Financial Planning and Management Core Competencies are incorporated into the Public Health.
Visit the post for more. See “P-I-S” for mixed templates, including Intermediate-Secondary. 12 Core Competencies LEAD an ORGANIZATION: Guide overall strategic and operational direction Competency-Description Behaviors 1.
Mission-Driven Demonstrates through actions, absolute clarity as to the purpose of the. The employee life cycle identifies strategic opportunities for HR and management to address many issues related to hiring, compensation, orientation, promotion, discipline, training and succession planning.
CORE COMPETENCIES for Early Childhood and Youth Development Professionals (Kansas and Missouri) elcome! elcome to the first edition of the combined Program Planning and Development VIII.
Professional Development and Leadership 5 Levels Each Content Area is divided into five levels of .