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Advantages and disadvantages of sustainability in business
Sustainability from a strategic business perspective
Sustainability from a strategic business perspective
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3.2 Environmental competence
Because of the difficulties of direct specification Varga (2009) uses the key competences of the European Reference Framework (2007) for interpreting components of environmental competence. Using the mother language both in written and oral form is necessary to be able to understand and communicate information. Recognizing the problems is only the first step on the way of becoming more sustainable. Collecting appropriate background information, implementing action plans and discussing them require the adequate knowledge of the mother language and foreign languages as well. Digital competence allows data analysis and usage of modern information systems.
Factual knowledge (mathematics, natural sciences, technology)
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Knowledge, readiness, preparedness of people as workers has a significant effect on the corporate performance. Elementary and higher education system shall prepare the knowledge of students for the successful work, but most of the requirements come from the employer. Some elements of knowledge, ability and skills are to learn only in the organization.
However, the frameworks of competence management are general, these are able to consider the interest of sustainability; it is ready to integrate them into the strategic and daily operation and translate the corporate-level expectations to personal ones. Since competence management is increasingly explored target areas of human resource management, there are a wide range of management tools available. Of course, the responsibility of the management is more than buying the personal support of the people because this is not sustainable. Making deals may lead to a shame solution because it consumes the resources and efforts with losing the focus of corporate
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There are many methods and tools available for individuals and organisations for evaluating and developing their operations but several barriers should be considered. I believe that a breakthrough can be expected if the goals and values of sustainability are integrated into the organisational strategy, structure and culture. Next to environmental departments or corporate social responsibility programs it is increasingly important to focus on the processes. A key element is the proper design of operation processes that involves these requirements horizontally instead of forcing the separate specifications. Of course, this needs additional management efforts but it will pay off in a long
Wheelen, T. L., & Hunger, J. D. (2010). In Concepts in Strategic Management and Business Policy Achieving Sustainability, Twelfth Edition. Pearson Education.
To ensure all the employees are competent, they need to develop a system to measure this competency. For example, they can do assessments to gauge competency. Besides that, they should provide compulsory and supplementary training to their employees to add in value and skills. Mentoring systems also can be implemented to ensure sharing of knowledge and experiences.
Workplace education is one of the most essential factors that companies must take into consideration when they are to evaluate the different methods for improving their employee’s competency and skills and the company’s competitiveness in the market and its overall quality. By utilizing workplace education practices such as in-house training, seminars, peer to peer learning, online modules, etc., companies are able to attain high training effectiveness for their employees. As mentioned by Noe and Peacock (2008), “training effectiveness refers to the benefits that the company and the trainees receive from training” (p. 134). The training effectiveness benefits apply to both the employee as well as their respective employer. Benefits for the employee may include behavioural changes or even acquiring new skills. For employers, trained employees could provide a more competent team, increased expertise, an increase in productivity, and even higher sales. To optimize the effect that workplace education has on any individual company, companies must be willing to receive and make changes based on feedback and evaluations from both the training and the competencies of the individuals.
Companies embracing change, renovate their operation to adapt and survive in the globally competitive market .Interestingly the business environment has altered considerably over the years to meet the current needs of the global market and customers .Likewise adapting to change is also necessary for even highly qualified people .For almost six years, I relentlessly working in the corporate world .Surprisingly in many cases, employees with many years of experience and high education qualification, turned out to be poor performer. The reason behind this lack of interest in updating skills and knowledge .Clearly employees are constantly being assessed on their knowledge and skills A prospective employer always would prefer an employee who
Companies tend to refuse to hire the graduates as long as they lack experience in the development of the business principles and their performance. It seems that companies tend to create an endless circle, which cannot give youth any chance to become professionals in terms of the contemporary business. The unemployment rate among individuals aged 20 - 24 years continues to increase on an annual basis regardless of the gender of the individuals (National Center for Education Statistics, 2015). Statistics is alarming and insists the target audience, namely the modern society, to pay attention to the problem. Companies tend to have many fears regarding the young professionals. The main reason is that the contemporary business does not believe in skills, knowledge, and professionalism of a young generation. Many businesspeople find it a risky path to hire the graduates and give them a chance to apply their skills. On the one hand, one can understand this position as long as the business development takes much time to set the appropriate performance and build a respectable company able to compete in the global market. When it comes to hiring the new employees, companies tend to choose experienced professionals. On the other hand, many companies are not willing to waste their time and money on training of the young minds. From the first day of the performance, they find it irrational to waste their resources on the development of the new personnel as long as they can hire a professional able to start bringing the
Viitala(2005) concluded another theory about management competencies that contains six categories which are relevant to technical , knowledge , knowledge, leadership and supervisory competencies, social and intrapersonal. Technical competencies allow managers to handle the content of processes that they are responsible for by using tools, procedures and techniques. Business competencies are related to any business, it makes managers to think, to lead in the managing system. Knowledge management competencies include a lot of professional management knowledge such as concept formation and problem solving. Leadership and supervisory competencies are meant to lead people, support people and participate people. Social competencies include the ability of manager to establish the relationship with stakeholders. Intrapersonal competencies trend to provide the ability of self-control for managers.
1.- INTRODUCTION: Without doubt, the 20th century has changed our priorities, especially when it comes to the way we do business. Popular sustainable business models, as advertised in the media, have evolved into much more than a moral obligation or an external requirement to generate money. Essentially, they are forcing companies to reinvent the systems and approaches with which they generate value and profitability for the company.
Business sustainability consists of three components, these are: social, economic and environmental. The business has to consider these three components as the business must make a maximized profit (economic) but must not in any way damage the environment in the long term (environmental). The business must also take care of social issue and people and communities as they are support the business.
According to him, competency-based leadership development does not just drift, however it intentionally focuses on clear career aspirations. Meanwhile, he stressed that disciplined approach to career growth will enhance the organization's performance. Lucian Cernusca and Cristina Dima (2007) in their research essay explained the concept of competency and how competency is linked to performance and one‘s career development. The authors also look into some models of competency mapping and appraisal tools for performance management. A business might possess extremely capable human resources, but they might not work on the position that suits them. This is where competency mapping and the appraisal tools come to help the HR experts choose who should work on what
Human resource competencies are for example important in facilitating efficiency in performance of organizations’ operations towards competitive advantage. Business knowledge, change management, and human resource distributions are examples of human resource competencies that contribute to organizations’ competitive advantage. Such initiatives are however, undermined by institutional factors such as business ‘short termism’, cost centered strategies, as well as professional factors such as lack of business skills, inefficiency in measuring and evaluating success, attitude, and organizational
...ll benefit when the employees are well equip with the excellent oral communication, critical thinking, strong work ethic, teamwork, competence and setting the goal which requires a lot of thinking process.
What does it take for an ordinary employee to success at the workplace? What are the works that companies or corporations need its employee to accomplish? Is that the knowledge that school has taught students or something else? The answer is clearly not the knowledge because the school only gives
Education: broader content of employee development over the working environment. This could be related business and managerial programmes such as Business Administration course or MBA. Such education is specified by ...
The purpose of this assessment is about how organizations create a culture of learning through knowledge and learning, and then gain a competitive advantage. First of all, all employees should be focused on sharing knowledge will be assessed through the importance of knowledge, sharing knowledge and knowledge management, both benefits and berries will be covered to discuss how knowledge can helps forming a learning culture to connect with competitive advantage. Subsequently, learning as another source of competitive advantages will be talked about why organizations should be focused on learning which is also connected with knowledge. At the same time, some learning theories, methods and approaches will be included in learning and development