Entrepreneurial Competencies - The EMPRETEC Model Research by McClelland and McBer‚ funded by USAID‚ has identified 14 personal entrepreneurial competencies (PECs) which appear to characterize the behaviour of successful entrepreneurs. The study‚ conducted in India‚ Ecuador and Malawi‚ also found that these PECs transcended culture‚ country and continent. These competencies can be grouped into 3 main clusters and the EMPRETEC model has merged some of these competencies to derive 10 PECs
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IndiGo Airlines – A Case study in International Business Strategy The right thing to do is also the smart thing to do The success of Indigo is a mix of a clear brand promise of "on time" and supported with slick branding and signage‚ smart technology support and a passionate and young work force who multi-task. About Indigo IndiGo is India’s largest airline with a market share of 29.5 per cent as of June‚2013 as well as the country’s largest low fare carrier. IndiGo is the fastest growing
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Introduction ‘‘Competency-based strategic management is a relatively new way of thinking about how organizations gain high performance for a significant period of time. Established as a theory in the early 1990s‚ competence-based strategic management theory explains how organizations can develop sustainable competitive advantage in a systematic and structural way. The theory of competence-based strategic management is an integrative strategy theory that incorporates economic‚ organizational and
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Is Communication competency a skill or an art? Communication competency is a skill that relies on a combination of behavior and knowledge. To communicate effectively‚ you will need to understand cultural diversity‚ have good language skills‚ listening and interpersonal skills. According to David Morley’s essay‚ “Communication”‚ states that all communication refers to the activity of imparting‚ or transmitting messages containing‚ information‚ ideas‚ or knowledge. With communication you can earn
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Critically discuss how the use of competencies and competency frameworks can support the achievement of improved individual and organisational performance. In understanding how an organisation can improve through organizational competency frameworks‚ one must first understand what is a competency. Competency‚ defined by Boyzatis (1982: 21) is known as “the behavioral characteristic of a person which is casually related to effective or superior performance in a job” Competencies act as a signal from the
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COMPETENCY MAPPING – A RIGHT CONCEPT TO EMULATE Prepared by A.Madhu Lecturer‚ Department of Management studies Einstein College of Engineering‚ Sir.C.V.Raman‚ Seethaparpanallur Tirunelveli-12 627012 Madhuindia2008@gmail.com T.Rita Rebekah Head‚ Department of English Einstein College of Engineering‚ Sir.C.V.Raman‚ Seethaparpanallur Tirunelveli-12 627012 ritarebekah@gmail.com Dr.R.Mohan
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Marketing The Core CHAPTER 1 CREATING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 3 Creating Customer Relationships and Value through Marketing HOW DO COLLEGE STUDENTS STUDY? 3M’S RESPONSE TO A NEW-PRODUCT CHALLENGE! 3M inventor David Windorski faced a curious challenge—understanding how college students study! Specifically‚ how do they read their textbooks‚ take class notes‚ and prepare for exams? First‚ Windorski needed to obtain information on students’ study habits. Next
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Importance to economy The revenue of international airlines industry has increased from 476 billion USD in 2009 to 567 billion USD in 2011‚ a 9.3% year-on-year increase. This industry employs 56.5 million workers and accounts for US $2.2 trillion of the global GDP. Indian Aviation industry contributes to 0.5% of the India’s GDP and generates 1.7 million jobs. Technological Trends Major cost items for airlines are fuel‚ labour and maintenance. Airlines are able to reduce the cost/increase profit by
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for competency mapping: A competency mapping model is an organizing framework that lists the competencies required for effective performance in a specific job‚ job family (eg‚ group of related jobs)‚ organization‚ function‚ or process. Individual competencies are organized into competency models to enable people in an organization or profession to understand‚ discuss‚ and apply the competencies to workforce performance. Competency Mapping is a process of identifies key competencies for
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Selection of and Justification for Alternatives Competition There is no doubt the advent of readily-obtainable pricing and availability for airline travel via the internet has changed competition drastically. Not only are customers able to search and select flight times and destinations from each individual airline’s own website‚ but they now also have the ability to compare everything regarding the flights from plane types‚ durations‚ layovers‚ connecting flights‚ additional fees and fares on
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