Managerial competencies are the "micro-skills" of managers, and are part of the capabilities or assets of a firm. These skills allow the organization to transform its range of various assets into organizational competencies, and thereby, improve performance. Thus, many business and government entities are moving towards competencies and competency-based systems in order to meet the challenges posed by the ever changing global competitive environment. Management institutions are the feeders of professional managers with the required competencies to the business organizations. Managers and executives need various competencies in order to effectively diagnose, understand, explain and act appropriately, based on what is happening around them in their jobs.
Analysis
of management students' perception of various competencies
possessed by them will help institutions evolve strategies
to develop them. This paper analyzes the self-efficacy of
management students with regard to various professional competencies
owned by them, and suggests appropriate interventions to upgrade
themselves so as to meet the requirement of the industry at
large. Self-efficacy
is the belief in one's capabilities to organize and execute
courses of action that are required to produce the given attainments
(Bandura, 1977). Bandura states that self-efficacy is not
concerned with the skills that an individual has, but rather
with the judgments they possess concerning their skills. This
self-efficacy has been found to influence academic performance
of students in a number of settings (Multon et al.,
1991; Chemers et al., 2001; Lane and Lane, 2001). |
