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