ASSIGNMENT

On

ENTREPRENEURIAL DEVELOPMENT
Submitted To:
MISS CHAITEE AHSANULLAH UNIVERSITY OF SCIENCE & TECHNOLOGY SCHOOL OF BUSINESS

Submitted by:
MD. HABIBUR RAHMAN ID: 05.01.02.003 4th year 1st semester

Date of submission:
21st may, 2008

WHAT IS COMPETENCY
Competence is a standardized requirement for an individual to properly perform a specific job. It encompasses a combination of knowledge, skills and behavior utilized to improve performance. More generally, competence is the state or quality of being adequately or well qualified, having the ability to perform a specific role. Competence is also used to work with more general descriptions of the requirements of human beings in organizations and communities. The four general competences are: Meaning Competence: Identifying with the purpose of the organization or community and acting from the preferred future in accordance with the values of the organization or community. Relation Competence: Creating and nurturing connections to the stakeholders of the primary tasks. Learning Competence: Creating and looking for situations that make it possible to experiment with the set of solutions that make it possible to solve the primary tasks and reflect on the experience. Change Competence: Acting in new ways when it will promote the purpose of the organization or community and make the preferred future come to life.

The Occupational Competence movement was initiated by David McClelland in the 1960s with a view to moving away from traditional attempts to describe competence in terms of knowledge, skills and attitudes and to focus instead on the specific self-image, values, traits, and motive dispositions (i.e. relatively enduring characteristics of people) that are found to consistently distinguish outstanding from typical performance in a given job or role

WHAT TO ACHIEVE
As a BBA student we always have to look ahead. We always have to be updated. We have to look for something challenging and new. We have to look for opportunities. All that can be found at marketing related job. Before we all these we have prepare our self and to achieve our goal we have to build up our competency.

HOW TO ACHIEVE 1.Developing knowledge 2.Increasing skill 3.Developing motivation 1.Developing knowledge:
"Live as if you were to die tomorrow. Learn as if you were to live forever." Mahatma Gandhi Knowledge is the heart of Agility - the driving force of both proactive and reactive change. New knowledge demands to be acted upon; and when one business acts upon new knowledge others have no choice but to follow. This human thing we are distinguishes itself from other life by generating and applying knowledge. Our increasing population is building upon an increasing body of past knowledge - which increases the frequency of new knowledge generation and speeds the decay of knowledge value - making the general business environment, which is built on knowledge, more unstable.

Conscious knowledge management is the practice that will return general stability in the long run. Short term it will provide preemptive advantage to those who master it first. Core competency knowledge is just one aspect of the total picture - but an important place to start. key issues on the proactive side include: People must be interested and perceive value in order to learn effectively. The accuracy of knowledge, once it is captured, and the effectiveness of communicating it are both prime areas for constant improvement. With time, the product and process technology will change, as will the nature of the knowledge and the knowledge focus. Some knowledge pays dividends when understood by different types of employees: engineers, skilled trades, accountants, personnel, management, etc - each requiring a modified learning approach. Insular knowledge is dangerous. An effective core competency renewal process must be aware of and able to incorporate relevant developments outside the local and greater-corporate environment.

Key issues on the reactive side include: All knowledge is not necessarily good, e.g., knowing how to make a process highly adaptable when there is no value to the company to do so. A self healing process eliminates both incorrect and poor-value knowledge. People in training are employees with front line jobs, and business priorities change daily. There's no longer a "time-out" for training. Key points: flexible scheduling, and the training time should look like job time. A training procedure must accommodate large and small groups, from a few new hires to large groups of existing employees. Technology and applications change with time, so fundamental knowledge must be reinterpreted.

2.Increasing skill

To improve skill continuous practice & work is essential on those related field. Have to analyze those fields to short out inefficiency. Then have to improve them. Also have to share our ideas with experts before implementation.

3.Developing motivation

We have to follow those 8 steps to develop motivation My 8 Steps 1. Start simple. Keep motivators around your work area - things that give you that initial spark to get going. 2. Keep good company. Make more regular encounters with positive and motivated people. This could be as simple as with peers or a quick discussion with a friend who likes sharing ideas. 3. Keep learning. Read and try to take in everything you can. The more you learn, the more confident you become in starting projects. 4. Stay Positive. See the good in bad. When encountering obstacles, you want to be in the habit of finding what works to get over them.

5. Stop thinking. Just do. If you find motivation for a particular project lacking, try getting started on something else. Something trivial even, then youll develop the momentum to begin the more important stuff. 6. Know yourself. Keep notes on when your motivation sucks and when you feel like a superstar. There will be a pattern that, once you are aware of, you can work around and develop. 7. Track your progress. Keep a tally or a progress bar for ongoing projects. When you see something growing you will always want to nurture it. 8. Help others. Share your ideas and help friends get motivated. Seeing others do well will motivate you to do the same. Write about your success and get feedback from readers.

So that following the previous steps, self competency can be better developed for the achievement of my goal.