Editor's Note: Take a look at our featured best practice, Organizational Design and Capability Analysis (31-slide PowerPoint presentation). Organizational Design involves the creation of roles, processes, and structures to ensure that the organization's goals can be realized. Organizational Design span across various levels of the organization. This framework focuses on the following 3 initial steps of the full 10-step Organizational [read more]
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With ubiquitous Disruption threatening the technology infrastructure and Operating Models of organizations on a consistent basis, it’s an unrelenting challenge for senior leadership to create an enterprise proficient in introducing offerings in line with customers’ requirements and of desirable utility. This can only be possible by developing competencies compulsory to innovate premium-quality offerings that are hard for the rivals to create.
Core Competencies are defined as the collective organizational knowledge integral to produce market-winning product or service offerings. Specifically, Core Competencies necessitate coordinating diverse manufacturing skills and incorporating several technology streams to develop end products. The ability of senior leaders to recognize, foster, and take advantage of the Core Competencies critical for growth is a real metric of their proficiency in this digital age.
Creation of Core Competencies involve across-the-board interaction, participation, and dedication. To achieve this, experts suggest inculcating a thinking of organization as something more than a gamut of separate departments. It also necessitates unification of sourcing strategies.
Introduced by Prahalad and Hamel, two renowned business academics, the Core Competency concept laid the foundation for how a modern organization should operate and how it should outsource. The model warrants a leadership mindset that considers the organization much more than a pool of separate Strategic Business Units (SBUs).
The model enables the management to make business and market needs their center of attention, and ascertain in-house functions—vital for Business Continuity—and non-core functions appropriate for outsourcing. The theory assists in creating amazing offerings at a rate faster than the competitors, by employing Core Competencies across the entire organization’s portfolio of technologies and production capabilities. The emphasis of the Core Competence Model is on applying together personal, shared, and applied learning, capabilities, and behaviors.
The Core Competence Model benefits the organization by creating a collaborative culture of shared values, knowledge and learning, and enables a feeling of community with the partners and customers.
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Behavioral competencies have long been utilized across many organizations to assess the competencies and potential of leaders. The competency models are prevalent due to several reasons--shared vocabulary to express the expectations from people, a basis for performance management planning, clarity [read more]
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"Strategy without Tactics is the slowest route to victory. Tactics without Strategy is the noise before defeat." - Sun Tzu
For effective Strategy Development and Strategic Planning, we must master both Strategy and Tactics. Our frameworks cover all phases of Strategy, from Strategy Design and Formulation to Strategy Deployment and Execution; as well as all levels of Strategy, from Corporate Strategy to Business Strategy to "Tactical" Strategy. Many of these methodologies are authored by global strategy consulting firms and have been successfully implemented at their Fortune 100 client organizations.
These frameworks include Porter's Five Forces, BCG Growth-Share Matrix, Greiner's Growth Model, Capabilities-driven Strategy (CDS), Business Model Innovation (BMI), Value Chain Analysis (VCA), Endgame Niche Strategies, Value Patterns, Integrated Strategy Model for Value Creation, Scenario Planning, to name a few.
Core Competencies Analysis is a powerful 5-phase business framework used to determine company-specific skills that enable differentiated value delivery. In other words, using Core Competencies Analysis, we can determine true competitive advantages of our company.
This offers invaluable [read more]
You may need to audit your organization to identify areas for improvement and make solid recommendations based on your assessment. This tool helps you assess yuor company's core competencies.
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Almost every business today faces major strategic challenges. Numerous leadership surveys conducted by consulting firms have revealed leaders themselves do not believe they have a winning strategy--and that they believe they are missing out on major opportunities in the market.
These are [read more]
Consumer preferences and behaviors, global markets, technology, and environment are changing faster than ever before these days. Organizations need to consistently build new capabilities and plan their future needs to keep pace and stay ahead. Capabilities not only mean the practical and [read more]
