The response addresses the queries posted in 366 words with references.
Competency based management and activity based approach are the two strategies that are widely followed in the business strategy formulation. Both of them have their relevance in certain types of businesses. For e-business, the following comparison will make it clear as to which approach is applicable.
Competency Based Model and Activity Based Model
Competency based management is based on the thought that in order to carry out successful business operations, a company should first develop the list of required competencies. Then, it should start hiring professionals according to the competencies required by the business. Over a period of time, competencies can be developed as ...
The expert explains whether competence-based thinking is more suitable for e-business strategy formulation that the activity-based approach outlined in the value chain concepts. The response addresses the queries posted in 366 words with references.