Paragon Foods - Should they go for competency modelling?

Yes
How to go about tough situations (?)
Define effectiveness at higher levels in the hierarchy
Succession planning (higher level positions)
Precision to what behaviours, values, contribute to success
Common language and understanding for success on higher level jobs
Training requirements
Cultural aspects (expand internationally)
No
Making a checklist, bad idea, reduces flexibility
Not good to over define responsibilities
Undermines spirit of entrepreneurship, innovation
At higher levels, how to approach job, hard to define