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 possible change management challenges to the engineering products and quality improvements.
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Level 2 Behaviors
(Light Experience)
Follows a set of guidelines in providing support with engineering change management.
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Level 3 Behaviors
(Moderate Experience)
Analyzes databases to provide critical status evaluations of engineering projects for change management.
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Level 4 Behaviors
(Extensive Experience)
Facilitates training on change management processes to maintain engineering standards and quality.
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Level 5 Behaviors
(Mastery)
Champions the adoption of change management processes to uphold crucial engineering objectives.
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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)
Explains value engineering concepts and applications for cost reduction programs.
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Level 2 Behaviors
(Light Experience)
Follows the step-by-step process in maintaining low-cost production while not affecting the quality.
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Level 3 Behaviors
(Moderate Experience)
Coordinates engineering activities between departments to develop and apply standardized design criteria.
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Level 4 Behaviors
(Extensive Experience)
Implements design criteria and production requirements for proposed products within our organization.
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Level 5 Behaviors
(Mastery)
Creates methods programs to track and report production costs when developing the designs.
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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)
Evaluates supply chain efficiency with an eye toward improving shortcomings.
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Level 4 Behaviors
(Extensive Experience)
Leverages the latest technologies and tools that enhance business analytics.
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Level 5 Behaviors
(Mastery)
Designs and implements feedback loops to identify and promptly address business problems.
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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)
Explains the different purposes and uses of our organization's budgets.
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Level 2 Behaviors
(Light Experience)
Produces budget reports showing planned vs. actual variances highlighted and explained.
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Level 3 Behaviors
(Moderate Experience)
Reviews and helps approve major budget adjustments to negotiate and reconcile line variances.
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Level 4 Behaviors
(Extensive Experience)
Monitors budgeting processes to ensure adherence to our organization's financial practices and standards.
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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.