MS 91 IGNOU MBA Solved Assignment - Identify the unique competencies of Ranbaxy Laboratories

Identify the unique competencies of Ranbaxy Laboratories
Competency Elements

• Drive Results

• Process Excellence

• Ownership & Accountability

• Quality Mindset

Competency Elements

• Strategic Agility

• Business Intelligence

• Commercial Acumen

• Build Strong Network

• Leverage Partnerships

• Live by Values

Competency Elements

• Develop Self

• Develop Other

Competency Elements

• Understand Customers

• Deliver Customer Value

Competency Elements

• Effective Communication

• Impact & Influence

• Resilience & Positivity

Competency Elements

• Embrace Change

• Respect for Diverse Perspective

Competency Elements

• Openness to New Ideas

Problem Solving & Decision Making

Ans

Drive Results & ExcellenceApplies and inspires a results-driven approach, focuses on processes while delivering results; Drives accountability within team and areas of influence

Strategic ThinkingSees connections, patterns or trends in the information available; Understands key business drivers within Ranbaxy, the industry, market and customer segments and identifies links between situations and information to generate business opportunities

Collaboration & TrustAble to identify, build and maintain strong and sustainable partnerships with different stakeholders across teams, business units, functions and geographies to meet business objectivesCompetency Elements

Nurture TalentCommitted for development of self and others; Offers frequent and constructive feedback; inspire team members to take higher responsibilities within the organization. Shares own knowledge and expertise to improve team’s performance

Customer CentricityReinforces the importance of being customer focused; encourages a culture that values customers; monitors and acts on feedback from customers; Focuses on delivering solutions that meet the needs of customers

Executive EffectivenessUnderstands and articulates information to customers, peers and managers; Able to win support, gain cooperation and overcome objections and barriers; Maintains calm, stable performance when under pressure or in a crisis

Leading ChangeSets the change agenda, adapts & aligns efforts and resources towards organizational goals; Shows sensitivities towards diverse perspectives and culture while driving change

Solution OrientationTakes action to promote or implement innovative ideas; Generate innovative solutions in work situations; try different and novel ways to deal with work problems and opportunities