Managerial competencies Flashcards
Competency term
The combination of knowledge, skills, and type of behavior and attitude that contributes to personal effectiveness in a variety of areas.
Managerial competency meaning
The sets of knowledge, skills, types of behaviors, and attitudes a person needs to be effective in the wide range of managerial jobs and various types of organization
Competency as a skill
Competency may incorporate skills but they are more than skills: They include, behaviors, knowledge and abilities that are fundamental to the use of a skill
Skill
The ability to translate knowledge into action
Categories of skills
Conceptual skill
Interpersonal skill ( human skill)
Technical skill
Conceptual skill
The ability to think analytically and solve complex problems
The ability to see the bigger picture
Interpersonal skill ( human skill)
The ability to work well in cooperation with other people
Technical skill
The ability to use specific knowledge, techniques, and resources to perform work
Communication competency
The most fundamental competency skill, applicable to all levels of management, and heavily reliant on interpersonal skill supported by technical skill.
Components of communication competency
Informal communication
Formal communication
Negotiation
Dimensions of communication competency skill
Informal communication; Make effective use of personal networking
Formal communication; Inform people of relevant events and activities, and keep them up to date
Negotiation; Influences and motivates for effectiveness
Planning and Financial management competency
Deciding what tasks need to be done, determining how they can be done, allocating resources to enable them to be done, and monitoring the progress to ensure that they are done.
Reliant on conceptual skill supported by technical skill
Categories of financial and planning competency
Time management
Budgeting
Investment and financial decisions
Dimensions of planning and financial management
Time management; works well under pressure
Budgeting; keeps accurate and complete financial records
Investment and financial decisions; Identification of potential investments and projects
Teamwork Commpetency
An important aspect of creating an oiled well machine is to get tasks and projects done