Nordakademie Graduate School Master of Business Administration MBA 14 A

HRM 5540

by Kenny Stibbe Reg.nr.: 6400

lecture oft he course: Prof. Dr. Michael Dickmann

submission date: march 3rd 2015

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Table of Content
Table of Content ................................................................................................................................................ I 1) Key competencies ...................................................................................................................................... 1 2) Utilization of key competencies ........................................................................................................... 1 3) Individual Use .............................................................................................................................................. 3 4) Personal Learning ...................................................................................................................................... 4 5) Literature ..................................................................................................................................................... II

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1) Key competencies
Competencies are defined as a set of behaviours and knowledge that enables a person to do its job properly.1 Competencies and knowing which competencies are needed are most important for a company. McClelland analysed in its paper from 1973 already that it is better for a company to test on a person’s competencies than on its intelligence.2 Not every job position needs the most intelligent person but the person who takes the job needs to have the requested competencies to fulfil the job. The problem is that there are not the one key competencies. Every single company or job requests its own competencies. To receive a better understanding about them it is helpful to