5 hard skills or competencies (industry competencies) for Top Product Development Executive
Skill definition-Creating, reviewing, and implementing engineering change requests, orders, and notifications.
Level 1 Behaviors
(General Familiarity)
Cites the engineering principles and procedures in implementing changes to components or products.
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Level 2 Behaviors
(Light Experience)
Assists in completing basic administrative tasks of engineering change management processes.
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Level 3 Behaviors
(Moderate Experience)
Analyzes changes of product configuration to determine the effect on the product design.
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Level 4 Behaviors
(Extensive Experience)
Coordinates with stakeholders regarding engineering change management to verify the status of process changes.
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Level 5 Behaviors
(Mastery)
Builds engineering change and control databases and systems to management initiatives.
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Skill definition-Analyzing a product’s features and materials during the design phase to reduce costs and increase functionality while maintaining consistent quality.
Level 1 Behaviors
(General Familiarity)
Cites new designs, processes, and sourced products for engineering testing.
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Level 2 Behaviors
(Light Experience)
Assists management in the testing of new parts and equipment that will be used for engineering products.
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Level 3 Behaviors
(Moderate Experience)
Analyzes the current materials and determine what can be used as a low-cost replacement.
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Level 4 Behaviors
(Extensive Experience)
Designs integrated alternative value engineering ideas to lessen the cost of goods and services.
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Level 5 Behaviors
(Mastery)
Champions the execution of value engineering activities in the pre-construction phase of projects.
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2 general skills or competencies (Job family competencies) for Top Product Development Executive
Skill definition-Overseeing the creation of new products or improvement of the performance, cost, or quality of existing products to achieve business goals.
Level 1 Behaviors
(General Familiarity)
Describes the different phases in the new product development process.
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Level 2 Behaviors
(Light Experience)
Conducts basic product testing at various stages of product development.
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Level 3 Behaviors
(Moderate Experience)
Helps in the manufacturing and design activities by creating prototypes.
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Level 4 Behaviors
(Extensive Experience)
Monitors prototyping and quality testing in each phase of product development.
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Level 5 Behaviors
(Mastery)
Creates ideas for new products and evaluates feasibility in terms of profit, resources, and compliance.
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Skill definition-The conceptualization and design of new and rebranded goods and services to maintain and increase market share and consumer demand.
Level 1 Behaviors
(General Familiarity)
Describes various product marketing tactics such as integrated marketing campaigns.
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Level 2 Behaviors
(Light Experience)
Conducts research on competitor offerings and pricings.
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Level 3 Behaviors
(Moderate Experience)
Communicates the vision and merit of a campaign to our teams to achieve product marketing goals.
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Level 4 Behaviors
(Extensive Experience)
Evaluates and recommends marketing opportunities in alignment with the product line objectives.
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Level 5 Behaviors
(Mastery)
Ensures that marketing contents and messaging reflect the product and brand image.
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12 soft skills or competencies (core competencies) for Top Product Development Executive
Skill definition-Insight into our organization's business, goals, and values. Ability to design and implement initiatives that facilitate successful outcomes.
Level 1 Behaviors
(General Familiarity)
Discusses the strengths and weaknesses of our products and services.
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Level 2 Behaviors
(Light Experience)
Explains advantages and disadvantages of different organizational structures from an efficiency perspective.
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Level 3 Behaviors
(Moderate Experience)
Demonstrates an innate sense of how to achieve positive results in the current environment.
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Level 4 Behaviors
(Extensive Experience)
Evaluates and explains the financial aspects of a business initiative to different teams.
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Level 5 Behaviors
(Mastery)
Conceptualizes new and creative business initiatives to boost business growth.
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Skill definition-Applying specific policies, tools and practices to plan and prepare projected revenues, expenses, cash flows, and capital expenditures.
Level 1 Behaviors
(General Familiarity)
Describes the procedures for capital and expense allocation and budgeting.
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Level 2 Behaviors
(Light Experience)
Gathers financial data to help support management in budgeting analysis and forecasting.
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Level 3 Behaviors
(Moderate Experience)
Prepares and reviews the annual budgeting process to ensure effective and efficient budgeting.
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Level 4 Behaviors
(Extensive Experience)
Evaluates past decisions on budgetary considerations to improve the budgeting process.
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Level 5 Behaviors
(Mastery)
Establishes operating procedures to guide the consistency and repeatability of our budgeting processes.
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Summary of Top Product Development Executive skills and competencies
There are 5 hard skills for Top Product Development Executive, Engineering Change Management, Value Engineering, Product Engineering, etc.
2 general skills for Top Product Development Executive, Product Development, Product Marketing.
12 soft skills for Top Product Development Executive, Business Acumen, Budgeting, Goal Setting, etc.
While the list totals 19 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Top Product Development Executive, he or she needs to be skilled in Business Acumen, be skilled in Budgeting, and be skilled in Goal Setting.