MANAGING in the

NEW WORLD

There are three steps that need to be undertaken in order to build the organization around existing core competencies. They include- differentiating or critical capabilities, core competencies and work competencies. Critical capabilities involve differentiating the firm from its competitors and those abilities which are unique enough to contribute substantially towards success. They give the organization a particular character in the eyes of customers. Some such qualities could be – risk management, social responsibility, simplicity in operations, connection and business innovation. Core competencies involve such aspects where the organization really excels in. These could alter depending upon periodicity. The third aspect – work competencies- focuses on growth of individuals across the board. Such talent management needs to be addressed in sales, stakeholder relations, cost efficiencies, quality control, reputation management and processes or systems. This layered pyramid is the best approach towards developing quality personnel within the organization.

Source: http://www.humanresourcesonline.net/design-organisation-around-core-competencies/

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