G.44 Explain the roles and functions of a value-added organization

After mastering G.44, your students should be able to answer the following questions:

  • Define the term "value-added."
  • What are the five sources of value-added? Explain them.
      1. Economies of scale
      2. Economies of scope
      3. Cost advantages
      4. Access to distribution channels
      5. Government policy
  • How can you become a value-added employee?
  • What concepts are central to career development?
  • List the seven steps for developing competency.
      1. Identify the required competency
      2. Self-assessment
      3. Observation and study
      4. Practice
      5. Feedback
      6. Goal setting
      7. Support and reinforcement
  • List the six types of developmental activities.
      1. Readings
      2. Courses
      3. Observations of outstanding performance
      4. Interviewing
      5. Practice behavior
      6. Seeking feedback