Sweating Competency Asset for Organizational and National Development

18 Pages Posted: 7 Jun 2018

Date Written: May 22, 2018

Abstract

Competency Development and Application is a critical core management domain of best-in-class organizations who have achieved sustainable success in what they do and are the leaders in their markets. Such organizations place high premium on the development, management, evaluation of both core competencies and job competencies to drive enhanced performance and sustainable results in financial, customer, employee and stakeholder’s returns and satisfaction.

A sound understanding of the theoretical and conceptual foundations of Competency development, management and application is critical to achieving successful outcomes in a Competency Based Management Approach to business and human capital talents.

The development of a fit for purpose Competency framework is integral to the adoption of a Competency Based Management Approach. The Competency framework is the systematic structure that warehouses the integral competency development and application processes that include competency modeling. Clustering. Mapping, proficiency levels definition and ultimately competency dictionary development.

Keywords: Competency, Competence, Competencies, Competency Framework, Competency Modeling, Competency Clustering, Competency Mapping, Competency Proficiency Levels

JEL Classification: M19, M53

Suggested Citation

Oladapo, Olayiwola, Sweating Competency Asset for Organizational and National Development (May 22, 2018). Available at SSRN: https://ssrn.com/abstract=3183223 or http://dx.doi.org/10.2139/ssrn.3183223

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