The Effect Of Functional Competency On Performance Of Indian Manufacturing Sector Essay

This study is exclusively conducted for Reliance Retail Limited. This deals with everything related to Performance

It is another strength of the company. Research and Development department of the company is best and they have ability to develop the product quickly.

I choose the functional competency domain on assessment/diagnosis/ conceptualization since it was a core aspect in the field of psychology. Assessment and diagnosis involves interpretation of information about a patient/participant; in other words, you must has scientific knowledge of what assessment entails and be able to conceptualize the information. The first part of a professional psychologist job will be to look at how a client was behaving, what the person was saying and to make some sense out of it. In order for the psychologist to make sense out of a client's behavior, there has to be an assessment which can be done for diagnosis purpose or for research. The psychologist should be able to give an accurate description of personality,

The purpose in establishing competencies for leaders should be to better define what functions leaders must perform to make themselves and others in their organizations effective. Many competency definitions include reference to clusters of knowledges, skills, abilities, and traits that lead to successful performance (Newsome, Catano, Day, 2003). Yet competency labels are typically expressed in either process or functional terms. This can lead to confusion as to what competencies actually represent for leadership and organizations. Competency frameworks or models should serve as the roadmap to individual and organizational leader success. The value of competencies

Potential Internal StrengthsRespected companySuperior managementBetter marketing skillsAlliances with other firmsGood distribution skillsCommitted employeesWell trained employeesGrowing product line

* Financial performance of similar business/ has moderate potential, because the average profit rate on similar products 10 to 15%, whereas for the company we are looking at is over 30% so they are moderate and our business would be strong

Ltd. An ISO 9001:2008 certified company. I was working as a Full Time Intern in the Production department, and was responsible for: Process planning, complete Process monitoring, Inspection of Raw materials and finished products, Invoicing and arrangement of dispatch, assisting with production documentation and discussion of various issues of the clients. Our company is a Manufacturer of various machined components such as rocker mechanisms, hubs etc. for automobile and power generation applications. Our primary client is the Kirloskar Group. Dealing with the requirement associated with these companies I learnt to value the importance of time, precision, accuracy, trust and commitment. I was also inspired and motivated to start my own small scale firm after completing Master's at your revered university by interactions with the company’s clientele and

In the light of this situation, skill development has gained an stimulus in India’s policy-making circles headquartered in New Delhi. The central government’s concern with this shortage of skilled workers is best described in the words of the Indian Prime Minister, Manmohan Singh, “As our economy booms and as our industry grows, I hear a pressing complaint about an imminent shortage of skilled employees. As a country endowed with huge human resources, we cannot let this be a constrain” (Government of India 2011). Towards this end, the government of India has set for itself a task of creating a skilled workforce of 500 million by 2022. A National Skill Development Council has been created under the Prime Minister’s auspices. Of the 500 million, over two-thirds of the target has to be met by existing professional training enterprises offered by 17 central government ministries. For the remaining one-third,

Besides the strengths mentioned above, there are several weaknesses existed in this instrument. Firstly, the scope of this instrument is wide. It could be applied to both managerial and non-managerial positions. Using the same criteria and the same rating scale (section A4 and B4) for both the positions, this instrument could compromise construct and content validity. This is because different positions require different competencies (Lounsbury, Steel, Gibson & Drost 2008). Consequently, criteria and measures which are valid for the one position may not valid for the other. For example, competencies leadership, problem solving and decision making could determine the success of a manager while technical competencies could be important for a line worker (Salaman, Storey & Billsberry 2005).

As the result, the above results indicated some of the industry’s parameters have been

Competency mapping is important and is an essential exercise. Every well managed firm should have well defined roles and list of competencies required to perform each role effectively. Such list should be used for recruitment, performance management, promotions, placements and training needs identification.

While putting the industry in the picture we can conclude that the individual companies are doing better than the industry in the current position. Industry has a lower strength to support the overall company overview. The industry it self has a lower income to support the financial expense of the cement industry. Therefore we can conclude that Heidelberg and confidence is doing a better job than Lafarge surma cement.

Judging from the background given, the company is doing exceedingly well in the production of their products. They are highly efficient and effective as well. Their products are very marketable, inventory control is good, and their regard for quality is highly commendable. Conclusively, the over-all performance of the company is well and they

Karolina: What do you think about firm’s experience, does it have an influence to success of company?

have higher share to GDP such as Thailand, at 40 %, and in China, around 35 %. India is facing the