Key Accomplishments Paper

Key Accomplishments Today’s marketplace is vastly different from the business world of yesterday and if modern companies hope to be successful, they need to evolve with the times. If a corporation wants to garner a greater share of the market in this fast-paced economy, they will need innovative ideas and the ability to adapt to changes. The heart of every business is the people who perform the daily services that make or break the company and happy employees are more productive, which in turn leads to greater productivity. The Bayer Group, evolving with the times, combined three operating companies to form Bayer Corporation and with an understanding of the value of happy employees, they sought to redesign the compensation system

Capability is a quality that allows individuals to learn new skills sets or gain knowledge and a person with capability has the potential to acquire new talents (Celine, 2017). Employees with the ability to learn, adapt, and change, create a workforce that is able to innovate and respond to the changing marketplace (Ulrich, 2004). Capabilities increase functioning, leading to greater productivity and new skills create a stronger propensity to perform certain tasks, which generates employees that are more suitable (Celine, 2017). Over time, capabilities develop into competencies, which actually reflect the quality of an employee’s work (Celine, 2017). The starting point for any form of competence begins with the capability and Bayer comprehended the significance of identifying capabilities and utilizing untapped potential to cultivate personnel that are more effective. Continuing to look at capabilities in the future will help Bayer mold their workforce and allow employees to develop their abilities into the increased quality of implementation known as

The task force diagnosed the importance of work – value competencies and defined specific competencies for inclusion into the new system. Capability is one of the six clusters listed and this report defends the importance of this characteristic as this quality aids in another important listed value of improvement opportunity. KaiNexus reports that opportunities to improve occur within every business and in all jobs and these opportunities enrich the services or products, resulting in greater profitability and a more satisfied workforce (Opportunities for Improvement, n.d.). In turn, these relatable values, capability and improvement opportunity would assist an employee in their contributing to the company as Bayer lists contribution as another important work