Managing procedure of developing competences and capability

Question

What are the managing procedure of developing and strengthening competences and capabilities?

Answer 1

Four traits concerning competitive capabilities and core competencies are valuable in successfully managing the organization-building procedure:

i. Competitive capabilities and Core competences are bundles of skills and knowledge that most frequently grow out of the joint efforts of cross-functional work sets and departments executing complementary activities at different locations in the firm’s value chain.

ii. Normally, a core competence or capability come outs incrementally out of organization efforts either to strengthen skills that contributed to earlier achievements or to react to consumer problems, new market  and technological opportunities, and the competitive plotting of rivals.

iii. The key to leveraging a core competence into a capability or a distinctive competence into a competitively bigger capability is concentrating extra effort and extra aptitude than rivals on deepening and strengthening the capability or competence so as to achieve the ascendancy required for competitive benefit.

v. Evolving changes in consumer’s needs and competitive conditions often need tweaking and adjusting a organization’s portfolio of competences and intellectual capital to keep its capabilities new honed and on the cutting edge.