Organizational Competency for Management - myassignmenthelp.com

Question: Discuss about theOrganizational Competency for Finance and Management. Answer: The term organizational competency means the capability to job properly in an organization. It defines a set of behaviour that provides a structured guide that enables the identification, evaluation and development of the individual behaviour in each employees. In an organization when it creates a competitive advantages in the market place with its typical skills and activities it is termed as organizational competency(Tripathi Agrawal, 2014). The IKEA Company tries to improve the everyday life of the organization where the human resource manager clarifies the mission statement of improving the lifestyle in the organization. The company is targeting to create better life by lowering the price of the goods to attract more customers for their product. The human resource manager designs the strategy of the company for short term and long term objectives and design effective strategies to maintain it(Grlin Kostet, 2016). The role of the HR is very important here as he will determine the future of the company. The HRs design and steps will help the company to maintain its position in the market. The HR manager and the team is responsible for this and thus they should analyse the real result and evaluate them with the general strategies. The competency that the company is using has helped the company to reach a new height in the market. Hence, the HR should maintain the same standard of the company by implementing new and innov ative idea to carry on the company name in future days. Reference: Grlin, K., Kostet, M. (2016). Change Through Transformation: An exploratory case study on leadership in contrasting organisational contexts of IKEA Sweden. Tripathi, K., Agrawal, M. (2014). Competency based management in organizational.Global Journal of Finance and Management,6(4), 349-356.