Which of the following refers to a specific set of departmental skills knowledge and experience that allows an organization to outperform its competitors?

technical skills. are the job specific skills required to perform a particular type of work or occupation at a high level. core competency. is often used to refer to the specific set of departmental skills, knowledge, and experience that allows one organization to outperform its competitors.

Are human skills the ability to use a specific set of departmental skills knowledge and experience that allows one organization to outperform another?

Technical skills– the job-specific knowledge and techniques required to perform an organizational role. The specific set of departmental skills, knowledge and experience that allows one organization to outperform another. Skills that create a core competency give them a competitive advantage.

What term refers to a complex process that involves making decisions using a business or organization’s resources to achieve its defined objectives Group of answer choices?

Organizing is the process of delegating and coordinating tasks and allocating resources to achieve objectives. Leading is the process of influencing employees to work toward achieving objectives.

How does the managerial task of leading affect employee performance?

The managerial task of leading requires managers to: energize and enable employees so everyone understands the part he or she plays in achieving organizational goals. … refers to an organization’s ability to outperform others because it produces desired goods or services more efficiently and effectively than they do.

What function involves assigning responsibility for task accomplishment?

Organizing involves assigning authority and responsibility to various departments, allocating resources across the organization, and defining how the activities of groups and individuals will be coordinated.

At what level are technical skills in a manager most important?

Technical skills are most important for first-level managers. Whet it comes to the top managers, these skills are not something with high significance level. As we go through a hierarchy from the bottom to higher levels, the technical skills lose their importance.

What is the job specific knowledge and techniques needed to proficiently perform specific task?

Technical skills are the job-specific knowledge and techniques needed to proficiently perform work tasks. These skills tend to be more important for first-line managers because they typically manage employees who use tools and techniques to produce the organization’s products or to service the organization’s customers.

What are the 7 steps of the strategic management process?

  • Understand the need for a strategic plan.
  • Set goals.
  • Develop assumptions or premises.
  • Research different ways to achieve objectives.
  • Choose your plan of action.
  • Develop a supporting plan.
  • Implement the strategic plan.

What are the examples of strategic management?

Examples of the functional strategy include product strategy, marketing strategy, human resource strategy, and financial strategy. The functional strategy is concerned with developing a distinctive competence to provide a business unit with a competitive advantage.

What is strategy with example?

As such, strategies are the broad action-oriented items that we implement to achieve the objectives. In this example, the client event strategy is designed to improve overall client satisfaction. … Any example of a strategic plan must include objectives, as they are the foundation for planning.

What are the 7 functions of management?

Each of these functions plays a critical role in helping organizations achieve efficiently and effectively. Luther Gulick, Fayol’s successor, further defined 7 functions of management or POSDCORB—planning, organizing, staffing, directing, coordinating, reporting and budgeting.

What are the 4 basic management functions?

Originally identified by Henri Fayol as five elements, there are now four commonly accepted functions of management that encompass these necessary skills: planning, organizing, leading, and controlling.

What are the three levels of management?

  • Administrative, Managerial, or Top Level of Management.
  • Executive or Middle Level of Management.
  • Supervisory, Operative, or Lower Level of Management.

What are the five function of management?

At the most fundamental level, management is a discipline that consists of a set of five general functions: planning, organizing, staffing, leading and controlling. These five functions are part of a body of practices and theories on how to be a successful manager.

What are the important functions of top management?

  1. Determination of Objectives. It is the top level management which determines the broad objectives of the enterprise. …
  2. Formulation of Policies. …
  3. Long Range Planning and Strategy. …
  4. Organizing for Action. …
  5. Developing of Major Resources. …
  6. Selecting Key Personnel. …
  7. Co-ordination and Controlling.

What is the main function of administration?

The main function of administration is the formation of plans, policies, and procedures, setting up of goals and objectives, enforcing rules and regulations, etc. Administration lays down the fundamental framework of an organization, within which the management of the organization functions.

What term is used to refer to the specific set of departmental skills knowledge and experience that allows one organization to outperform its competitors?

2. Core competency is used to refer to a specific set of departmental skills, knowledge and experience that allows one organization to outperform its competitors.

Is defined as the ability of one organization to outperform?

competitive advantage. The ability of one organization to outperform other organizations because it produces the desired goods or services more efficiently and effectively than they do.

Which type of skill allows a manager to analyze and diagnose a situation and to distinguish between cause and effect?

Conceptual skills The ability to analyze and diagnose a situation and distinguish between cause and effect.

Which level of management is responsible for finding the best way to organize resources to achieve organizational goals?

Supervising the first-line managers are middle managers, responsible for finding the best to organize human and other resources to achieve organizational goals.