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Accounts Receivable Factoring: It’s More Than Just the Money
The concept of "core competency" refers to the things done by a business that lie at the heart of its ability to manufacture a product or deliver a service. From a management standpoint, employees should spend as much time as possible working on tasks that contribute directly to the business's core competencies. Since managing accounts receivable isn't a core competency for most companies, many rely on accounts receivable factoring companies to handle their accounts receivable functions. Read about how one company began factoring its accounts receivable in order to improve cash flow and soon discovered that factoring services offer additional benefits as well.
3 Things You Must Avoid When You Give Feedback
It’s always a sticky situation when you have to give or get negative feedback and this is just not a topic always covered in business school. It really is about understanding how to manage people relationship systems, a leadership core competency for the 21st Century. Read on for 3 guidelines for giving feedback so you can mentor employees to grow to the next level.
Commodity Value Proposition - An Oxymoron?
How do you find your value proposition when everything you do and everything you sell seems to border on being a commodity because everybody is trying to do the same thing to create competitive advantage? “Oh, but we’re different. We sell our World Class Service.” Right ………………………. How many companies do you know that don’t say they have world class service. Many say that servicing the customer is their core competency. If they truly do have world class service, service is not their core competency it’s what they are doing to create and maintain that level of service that is their true core competency.
Straightening Ties
As employers compete to hire information technology (IT) professionals in this sellers' market, many are seeking help to develop and implement strategies for staffing their organizations that are more productive and cost-effective and less aggravating. by Kenneth R. Cohen and Ross Reinhold September 2000 - Healthcare Informatics

Web Design & Development - Why the Huge Range in Pricing?
As in any industry where people specialize, the specialists can be costly and the freelancers generally cheaper. This holds true for the web development industry. Unfortunately, paying a higher price is no guarantee that your web site will be developed with the traditional creative and writing skills required for the design portion of the site. On the reverse side, using a freelancer because ‘it’s a great deal’ may get you great design but also a site that hasn’t been developed for user functionality and vice a versa. Design and web development are two distinct skill sets.

Top 20 Requirements - How Salespeople Can Be Better at Closing
While salespeople can get better at closing, closing is an outcome, and with the exception of real estate and banking, not really an event. When we evaluate sales forces and look at their ability to close, they may possess some of the strengths and skills that are part of the Sales Core Competency called Closing, but most of those attributes are used prior to, not during, closing time. The ability to close depends on the following 20 variables (in no particular order) that a salesperson brings to the table - or not:
What are you really good at?
It's a simple idea: find what you are good at, and spend your hard-earned marketing money on finding customers who want just what you do best.
Franchising And the Art of Selling Change
I recently got onto a plane, settled in with my computer case at hand, my ipod Touch at the ready - my Bose headset set up and my computer in my pre-planned position to swipe it out of said aforementioned case. Then came the flight attendant. He looked at me, grinned and asked if I would "be so kind" to switch seats with a husband who was needed by his wife so the two of them could keep their baby from exploding onto the passengers in and around where she was currently seated. Now, here I am. I am comfortable. I have perfected my environment. And this clown disrupts my mental zen. Further it will require some deliberate focus and nurturing to get me back on track once I have settled into my new digs.
Company on the Edge.......Push!
What makes companies successful? Why are some able to change and move forward, while others stagnate and retreat? Why do some companies perform steadily and grow, while others lag and contract? There are three critical factors in achieving the desired results for an organization.
10 Commandments of Leadership-Coaching and Providing Feedback
Coaching is defined in many ways, terms and contexts. For our purpose, coaching is a stream of communication from the leader to team members for the purpose of maintaining and improving performance. Often times, coaching is viewed as an athletic function and visions of Bobby Knight, Dean Smith, Tom Osborne or Lou Holtz are summoned. The model provided by the athletic version of coaching is not far off from the business model but there are some distinct differences. One of the comments that has often been expressed about coaching is the lack of time to devote to this activity. This is a classic symptom of a leader being too involved in doing and not involved in leading. When debunked this comment is really more about a lack of comfort in coaching skills than it is about available time.

Leadership Success-Coach Constantly and Provide Feedback
Coaching is defined in many ways, terms and contexts. For our purpose, coaching is a stream of communication from the leader to team members for the purpose of maintaining and improving performance. Often times, coaching is viewed as an athletic function and visions of Bobby Knight, Dean Smith, Tom Osborne or Lou Holtz are summoned. The model provided by the athletic version of coaching is not far off from the business model but there are some distinct differences.
10 Commandments of Leadership-Ethics and Integrity in Leadership
The high road in this commandment describes a commitment to and consistency with ethical behavior in the working environment. Even beyond the workplace, it is the application of value sets to daily decision making and interactions with the team being lead. It is also a core competency related to protecting the credibility of the leader.

The IT Sales Model is Broken
We are in the midst of a genuine revolution in the way I.T. sales are made. At the heart of this revolution is the issue of competing on value. In many cases, the differences between traditional sales approaches and value-based selling appear to be subtle, but in fact, they are profound, requiring changes in strategy, corporate culture and selling skills. Today’s markets are characterized by rapid commoditization, and it is seldom possible to compete on the basis of product features and benefits for any length of time, if margins are to be maintained or improved. Increasingly, the question being posed to suppliers, by their most important customers is – “How much better off will my company be if I buy your product/service or business solution?”

Experience Innovation – The Next Generation
Rob Rush discusses the power of innnovation and how to be sure that you're innovations are providing real value to your brand and your customers. Don't innovate...for innovation's sake!
If your company has a supply chain project, who are the top 5 companies you would call?
If your company has a supply chain project involving network analysis, implementing new technologies in a warehouse or strategically planning growth for the next five years, who are the top five companies you would call to help you with this and why? Drew, Director at Forte Consultants, Cincinnati, U.S.

Other core competency Related Articles

Selling A Competency or a Responsibility
Is selling a competency reserved for those with "sales" in their titles or is it a responsibility of everyone in the organization? Top performing companies see selling as a competency important to everyone in leadership or a position of influence.

10 Commandments of Leadership-Ethics and Integrity in Leadership
The high road in this commandment describes a commitment to and consistency with ethical behavior in the working environment. Even beyond the workplace, it is the application of value sets to daily decision making and interactions with the team being lead. It is also a core competency related to protecting the credibility of the leader.

3 Things You Must Avoid When You Give Feedback
It’s always a sticky situation when you have to give or get negative feedback and this is just not a topic always covered in business school. It really is about understanding how to manage people relationship systems, a leadership core competency for the 21st Century. Read on for 3 guidelines for giving feedback so you can mentor employees to grow to the next level.
Accounts Receivable Factoring: It’s More Than Just the Money
The concept of "core competency" refers to the things done by a business that lie at the heart of its ability to manufacture a product or deliver a service. From a management standpoint, employees should spend as much time as possible working on tasks that contribute directly to the business's core competencies. Since managing accounts receivable isn't a core competency for most companies, many rely on accounts receivable factoring companies to handle their accounts receivable functions. Read about how one company began factoring its accounts receivable in order to improve cash flow and soon discovered that factoring services offer additional benefits as well.
LEADERSHIP IS INSIDE-OUTSIDE
A potential leader requires solid knowledge that comes only from inside and he should have competency to complete the things internally. The whole earth is following the principle of ‘Inside-Outside’. Competency is also created inside and bringing it outside up to 100 per cent is leadership. Leadership is always performance, never position and always regardless of power.
Strategies for Relationship Building: Getting Back to Basics
Building relationships with your clients, customers, employees, colleagues, managers, teammates and all other appropriate stakeholders is the core competency required in business today. You need strategies to do so in a proactive, strategic and deliberate manner. The key is to create your own formula that works for you and fits your style, approach and needs. The formula is made of many steps......

The Foundations of a Strategic Competency System for Leadership Development
Nurturing competency in leadership becomes “strategic” when organizational objectives match the competency development required to achieve them, and, the efforts are coordinated with human resources.
Commodity Value Proposition - An Oxymoron?
How do you find your value proposition when everything you do and everything you sell seems to border on being a commodity because everybody is trying to do the same thing to create competitive advantage? “Oh, but we’re different. We sell our World Class Service.” Right ………………………. How many companies do you know that don’t say they have world class service. Many say that servicing the customer is their core competency. If they truly do have world class service, service is not their core competency it’s what they are doing to create and maintain that level of service that is their true core competency.
Framework for Competency-based Management
This framework provides a set of specifications for the development and implementation of competency profiles, tools and mechanisms in support of career management, learning and development, succession planning, recruitment, performance management and staffing.

The framework covers:
• Why competency-based human resource management is implemented;
• The structure for the development of competency profiles, including how jobs are clustered into career streams for competency profiling purposes.
Getting to the Middle of it: Building a Business From its Core
Building the core of a business is essential, but not always easy to do. Helping an entrepreneur to understand her role as the core of her company is important, and here, we explain the reasons why building a business around the core – yourself – is so crucial. In fact, that strong core leads to empowering all other aspects of business!
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