Mastering Success: The Power of Competency-Based Frameworks
The Business Mechanic Podcast with Vaughn Sigmon
Release Date: 05/15/2023
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info_outlineThe value of having a competency-based framework in your company
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Welcome to our insightful episode of "Mastering Success: The Power of Competency-Based Frameworks" on The Business Mechanic Podcast! In this episode, we explore the essential topics of management training, leadership development, and executive coaching. Our experts delve into the importance of competency-based frameworks in these areas, offering invaluable tips and strategies for effective team management, performance management, and communication skills.
Discover the secrets to mastering strategic planning, and change management for achieving remarkable results. We also uncover the transformative impact of competency-based frameworks on talent development and unlocking the full potential of your organization. Tune in now to gain the knowledge and tools needed to elevate your leadership skills and drive exceptional success through the power of competency-based frameworks. Don't miss this opportunity to fuel your business growth and become a true master of success!
So, what exactly is a competency-based framework? Simply put, it is a system that identifies the skills and abilities necessary for success in a particular role or industry. Rather than focusing solely on job requirements, a competency-based framework considers each employee's strengths and weaknesses.
What are competencies?
Competencies fall into two categories.
Skills Based and Inherent
The difference between skills-based competencies and inherent competencies lies in their origin and nature:
Skills-based competencies:
Skills-based competencies are acquired through training, education, and experience. Hats why we look at resumes and look for applicable experience. These competencies are typically related to specific tasks, functions, or technical areas. They are developed over time through deliberate effort and practice.
Skills-based competencies can be learned, trained, and enhanced through structured programs, on-the-job experience, and professional development activities. Examples of skills-based competencies include proficiency in a programming language, project management skills, or proficiency in operating certain machinery.
Inherent competencies:
Inherent competencies, also known as inherent traits or qualities, are characteristics that individuals possess naturally or inherently. These competencies are often related to personal attributes, behaviors, or attitudes contributing to success in various areas of life. Inherent competencies are typically not learned or acquired through training but are ingrained in an individual's personality or inherent nature.
It is important to note that while skills-based competencies can be developed and improved through training, inherent competencies are considered more difficult to change as they are deeply rooted in an individual's personality and characteristics. Both types of competencies are valuable and important in different contexts, and a well-rounded individual may possess a combination of skills-based and inherent competencies.
While many competencies can be developed and enhanced through training and experience, certain inherent qualities or traits are often considered difficult if not impossible, to train effectively. Here is a list of 10 competencies that are typically considered challenging to impossible to train. Someone either has them or they don't.
This show is best for new business owners, current business owners, and managers no matter if you are new or experienced and in any industry.
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