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A core competency is a concept in management theory introduced by C. K. Prahalad and Gary Hamel. [1] It can be defined as "a harmonized combination of multiple resources and skills that distinguish a firm in the marketplace" and therefore are the foundation of companies' competitiveness.
As competencies are linked to business objectives or business strategies, aligning the two is more effective and convenient for the business, making it more streamlined; Identifying and using core competencies to create goods & services results in major contributions to the companies competitiveness
Competencies in this category should demonstrate pertinent behaviors for management to be effective. Organizational competencies: The mission, vision, values, culture and core competencies of the organization that sets the tone and/or context in which the work of the organization is carried out (e.g. customer-driven, risk taking and cutting edge).
Competency models can help organizations align their initiatives to their overall business strategy. By aligning competencies to business strategies, organizations can better recruit and select employees for their organizations. Competencies have become a precise way for employers to distinguish superior from average or below average performance.
The skills and competencies considered "21st century skills" share common themes, based on the premise that effective learning, or deeper learning, requires a set of student educational outcomes that include acquisition of robust core academic content, higher-order thinking skills, and learning dispositions.
In 2007 a new ASPA section called the Section on Certified Public Management was created to promote professional development and training regarding ethical values and technical competencies associated with outstanding public service. In addition, the SCPM holds conferences, forums, seminars, and discussion events. [3]