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The Strategic Value of Competency Models
Abstract
Competency models are popular. They are value-added propositions for the employee and the organization. Competence-based approaches include competency models and performance management within organizations for which evidence supports its usage today in the knowledge age. This chapter provides relevant linkages of strategic competency value in businesses when utilized to improve performance and effectiveness. The chapter identifies those specific ways in which competency creates strategic value through performance management, the development of collaboration between employees and managers, the development of agile teams, and monitoring and evaluating progress.
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