Final answer:
The critical competencies required to succeed in the global economy are business literacy, understanding and valuing oneself, engaging and challenging other people, and focusing and mobilizing the business. These competencies encompass a range of skills and qualities that are essential for success in the business world.
Step-by-step explanation:
The critical competencies required to succeed in the global economy are business literacy, understanding and valuing oneself, engaging and challenging other people, and focusing and mobilizing the business. These competencies encompass a range of skills and qualities that are essential for success in the business world.
Business literacy involves having a comprehensive understanding of key business concepts, such as finance, marketing, and strategy. Understanding and valuing oneself refers to the ability to recognize one's own strengths, weaknesses, and values, and to use this self-awareness to make informed decisions and pursue personal growth. Engaging and challenging other people involves effectively communicating and collaborating with diverse individuals and teams, and encouraging innovation and critical thinking. Focusing and mobilizing the business entails setting clear goals, organizing resources, and driving forward progress and success.
In a global economy, these competencies are crucial for individuals and organizations to adapt to the rapidly changing business landscape, navigate cultural differences, and seize opportunities for growth and innovation.