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              The Invention of the Shopping Cart and Its Psychological Impact on Consumer Behaviour

              The Invention of the Shopping Cart and Its Psychological Impact on Consumer Behaviour

              Organizational structures  shape company’s value creation

              Organizational structures  shape company’s value creation

              What is Asset Specificity?

              What is Asset Specificity?

              Do you know who Owns Corporations?

              Do you know who Owns Corporations?

              Arrival of my new book on Faith Economy co-authored by Dr. Shilpa Shinde

              Arrival of my new book on Faith Economy co-authored by Dr. Shilpa Shinde

              What are Treasury Bills?

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                Educational Leaders who fought for women’s education did not seek validations from society

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                Experiential learning is the future

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                How to write an appropriate title 

                How to write an appropriate title 

                Can India regain the title of Vishwaguru?

                Can India regain the title of Vishwaguru?

                What are the problems faced in online lectures?

                What impact can Knowledge have on Society?

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                What is Triple Helix Model for innovation?

                Where in the world teachers are most respected?

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                  Importance of Citation in Research

                  What is Autoethnography style of PhD

                  Can scholarly articles/papers from blogs be cited in research work?

                  The complete guide on how to select the right PhD topic

                  All you wanted to know out how a PhD thesis is assessed?

                  Mixed Method Research is Most Suitable

                  What is the difference between economic bubble and economic boom?

                  How to write a Research Paper?

                  Case Study is one of vital type of research

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                    American Hegemony is at critical juncture 

                    American Hegemony is at critical juncture 

                    Impact of the Thucydides Trap and Clash of Civilization  on International Businesses

                    Impact of the Thucydides Trap and Clash of Civilization  on International Businesses

                    Launch of my book  titled “International Business”

                    Launch of my book titled “International Business”

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                    Gift City is becoming India’s Capital Gateway

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                    The science of Psephology

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                    What is the Future of BRICS Currency?

                    Ram Mandir tableau graced the 75th Republic Day of India

                    Ram Mandir tableau graced the 75th Republic Day of India

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                      Guiding 35 PhDs: A Journey of Mentorship, Transformation and Academic Fulfilment

                      Guiding 35 PhDs: A Journey of Mentorship, Transformation and Academic Fulfilment

                      The Story Behind the song “Khoya Khoya Chand” from Film Kala Bazar

                      The Story Behind the song “Khoya Khoya Chand” from Film Kala Bazar

                      Arrival of my new book on Faith Economy co-authored by Dr. Shilpa Shinde

                      Arrival of my new book on Faith Economy co-authored by Dr. Shilpa Shinde

                      The story behind the Swedish word Lagom which means Just Enough

                      The story behind the Swedish word Lagom which means Just Enough

                      Lasting friendship between R.K.Narayan and Graham Green that shaped the famous film novel ‘The Guide’

                      Lasting friendship between R.K.Narayan and Graham Green that shaped the famous film novel ‘The Guide’

                      Mumbai’s Historic Single Cinema Screen Maintains Brand Loyalty of Marathi Cinema Viewers 

                      Why Memories are a fuel of our life

                      Why Memories are a fuel of our life

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                      What is the difference between Skills and Competencies

                      Dr Vidya Hattangadi by Dr Vidya Hattangadi
                      July 17, 2023
                      in Human Resources Management, Management
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                      Difference between Skills and Competencies

                      We often misprint skills and competencies. Competencies are value-based hence are not measurable. Competencies cannot be standardized. For example, decision making is a competency.  It refers to the ability of making better decisions among various available choices. This process cannot be standardized. It is deciding an action based on review of information. Business awareness, problem solving, teamwork, self-confidence, intuition, and resilience are competencies. I give here an example which will explain competency; in past fifteen years India saw rise of some surprising and budding young politicians. One of them is Smriti Irani. The former model – actress has literally broken stereotypes, she has shut down cynics and proved her mettle. When she got appointed as HRD Minister, people criticized her educational qualifications, they side-lined her victory over Rahul Gandhi in Amethi. Bur few saw her prudence, her resilience, her leadership style. Leadership is closely related to emotional and social intelligence.

                      She is currently serving as the Union Minister for Women and Child Development and Minister for Minority Affairs. She is competently handling her portfolio. Smriti proves that leaders can work efficiently only when get fully engaged with their colleagues, whether they are at the same level or as juniors; leaders must acknowledge the context in which everyone works and to understand and attend the system. She also proves that emotional intelligence is a competency. Educational qualifications do not make a leader excel in their job. I appreciate Smriti Irani’s confidence, passion and dedication towards her work which are her competencies.  

                      Successful organizations while hiring managers choose decision-making skills in employees so they can contribute more effectively to the company. Employees face many decisions and options throughout the workday, so an employee needs to make effective decisions. Competencies have long been used as a framework by focusing on employees’ behaviour competency which matters most to an organization.  Behaviour provides a common way to harmonize, select and develop talent. The benefits are clear for employees and managers, and ultimately, the organization. Competencies offer a description of the standards of excellence for the roles and responsibilities of the employees. Competencies can often depend on values and culture of an individual, they may be difficult to assess and standardise for example integrity is a competency it cannot be taught.

                      Sills are measurable. Skills can also be standardised positions wise; communication, language proficiency, computer skills, customer service, interpersonal skills are some common skills. For HR managers, they provide resources to help them select and develop employees.

                      Though competency and skill may seem similar, they have evident differences. HR managers must understand the difference between skills and competencies.

                      Adeptness

                      Skills are often agile; one can develop them with education and skill enhancement programmes. While competencies are developed over long period of time. A person may require months or even years to gain a specific competency. For example, a chef can be taught culinary skills in kitchen but after years of experience, he becomes competent to develop his signature dish.  A signature dish is a recipe that identifies an individual chef or restaurant. Ideally it is unique and difficult to copy. A signature dish allows an informed gastronome to name the chef in a blind tasting. It can be thought of as the culinary competency. Competency comes with adeptness.

                      Transferability

                      A set of skills help one to change organisations or roles, across jobs, projects, and tasks. Whereas competencies cannot be transferred across professions or collaborative projects. This is because characteristics, such as performance expectations, attitudes, and behaviours, make up competencies, which may differ from organisation to organisation, depending on their priorities and goals and culture. For example, you may learn a programming language and add it to your list of skills. These can be helpful when you change jobs in a similar field or role. The competency required for the role can vary based on the organisation and the responsibilities involved. For example, Sachin Tendulkar’s batting technique is clean and crisp, his movements as batsman are measured and precise. This is his competency. It has come to him with lot of detailing, regular practice, and observation. Sachin cannot transfer his batting technique. 

                      Detailing

                      Competencies are more detailed than skills. A person’s depth of knowledge, and his abilities determine his competencies. Skills can be adopted easily competencies cannot. Competencies help in connecting with right people, with the right role. Competencies help in preparing roadmap for personal and professional development. Empathy, integrity, loyalty, cannot be taught one needs to have them in their character. These are key components of customer service. Therefore, sincere, and good customer service employees are rare.  

                      Some most important competencies are self-awareness (it helps us to remain happy, to be better version of ourselves), social consciousness (helps in becoming more empathetic for others mindful of how our actions impact others) good emotional quotient (helps to identify and regulate our own emotions and understand the emotions the others), managing responsibilities (helps in becoming more accountable and what to expect from others) and last but the least decision making (helps in planning and implementing strategies).

                      Tags: CompetenciesDr. Vidya HattangadiHR managersHuman resource ManagementManagementskillsSmriti Irani
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                      Dr Vidya Hattangadi

                      Dr Vidya Hattangadi

                      Dr. Vidya Hattangadi is an accomplished academician, researcher, and thought leader with over four decades of combined experience 20 years in managerial roles in industry and 24 years in management education. She holds a PhD in Marketing Management from Savitribai Phule Pune University and a D.Litt. from the University of Mumbai for her post-doctoral published work. She is a prolific writer and blogger, Dr. Hattangadi runs the widely read blog www.drvidyahattangadi.com, which enjoys strong organic traffic and engages readers across a broad spectrum of subjects, including management, leadership, psychology, social trends, music, current affairs, and politics and psychology. Her blog is 12 years old. Her experience of combining knowledge of industry work with an academic background creates a powerful, "pracademic" profile that bridges the gap between theoretical knowledge and practical application. This hybrid approach has made her a powerful Professor in the classrooms and she has produced graduates who are not just knowledgeable, but industry-ready. She worked for Maratha Mandir’s Babasaheb Gawde Institute of Management Studies as Director, Research Head and Professor. She has written a fortnightly column for The Financial Express from 2017 to 2021 and has contributed extensively to leading publications such as The Hindu, Free Press Journal, and The Economic Times. Her articles are known for their analytical depth, clarity, and relevance to contemporary issues. Dr. Hattangadi has successfully guided 35 PhD scholars in Management Studies across institutions such as the University of Mumbai, SNDT Women’s University, and Yashwantrao Chavan Maharashtra Open University (YCMOU) and Guglielmo Unimarconi Italian University. Currently, she is working on her YouTube channel "Vidya's Vidya" mentoring doctoral researchers in the areas of Finance, Strategic Management, Organizational Behaviour, Human Resource Management, and Marketing Management. She is an accomplished author, she has written books on Strategic Management, Buyer Behaviour, International Business and Entrepreneurship Management, Faith Economy, contributed chapters to four edited volumes of books, and published over 350 research papers in national and international journals. Her scholarly work has strong visibility and impact, reflected in her robust presence on Google Scholar, Research Gate, Vidwan etc. Her research in all fields of management studies is truly ground-breaking. The rigor and depth of her knowledge have set a new standard in our field of management studies.

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