Articles on Competency Management

Competence Based Management is comparatively a modern method to find on the means by which firms achieve excellent performance and also more important sustain that good performance.

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The resource-based view (RBV) is a way of viewing the firm and in turn of approaching strategy. Resources of the firm can include all assets, capabilities, organizational processes, firm attributes, information and knowledge.

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The ability to achieve new forms of competitive advantage is referred to as dynamic capabilities. Strategists consider dynamic capabilities to be the key to competitive advantage.

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The core competence approach of strategy views the business in a particular way. The collective learning or knowledge of the organization forms the basis of its core competences.

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Organizational learning is the means by which organizations develop, enhance, and manage knowledge and standards within their functions. In the present dynamic condition of global business environment organizations are always trying have an edge over other in gaining competitive advantage.

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Knowledge management is the recognition, optimization and effective handling of intellectual assets to build value, enhance productivity, and achieve and maintain competitive advantage.

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The significance of technology to an organization is that the technology can provide a competitive advantage. Technology competence can improve an organizations product portfolio.

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The most important objective of business is - the vision of the organization. An organization intending to have a global business in requires a transnational strategy which requires a global vision.

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Culture is essential to global organizations in different aspects especially consumer behavior and management. Lets discuss the importance of understanding culture in a global business environment.

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From a business point of view, culture comprises of four different levels namely - National, Business, Industry and Organization. Lets understand these cultural levels in detail.

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