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Competency Concept in VO Breeding Environments

Competency Concept in VO Breeding Environments

Nathalíe Galeano, Ekaterina Ermilova, Giraldo Jorge, Hamideh Afsarmanesh, Arturo Molina
Copyright: © 2008 |Pages: 8
ISBN13: 9781599048857|ISBN10: 159904885X|EISBN13: 9781599048864
DOI: 10.4018/978-1-59904-885-7.ch039
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MLA

Galeano, Nathalíe, et al. "Competency Concept in VO Breeding Environments." Encyclopedia of Networked and Virtual Organizations, edited by Goran D. Putnik and Maria Manuela Cruz-Cunha, IGI Global, 2008, pp. 297-304. https://doi.org/10.4018/978-1-59904-885-7.ch039

APA

Galeano, N., Ermilova, E., Giraldo Jorge, Afsarmanesh, H., & Molina, A. (2008). Competency Concept in VO Breeding Environments. In G. Putnik & M. Cruz-Cunha (Eds.), Encyclopedia of Networked and Virtual Organizations (pp. 297-304). IGI Global. https://doi.org/10.4018/978-1-59904-885-7.ch039

Chicago

Galeano, Nathalíe, et al. "Competency Concept in VO Breeding Environments." In Encyclopedia of Networked and Virtual Organizations, edited by Goran D. Putnik and Maria Manuela Cruz-Cunha, 297-304. Hershey, PA: IGI Global, 2008. https://doi.org/10.4018/978-1-59904-885-7.ch039

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Abstract

In order to acquire more business opportunities, by adapting to new and changing market conditions, organizations face many strategic and operational challenges; one of them is related to identification and management of their competencies. Broadly speaking, competency management is the way in which organizations coordinate and manage the competencies of the corporation, groups, and individuals. It has the primary objective to identify and continuously maintain competencies, according to the objectives of the corporation. A competency is a way to put into the practice some knowledge, know-how, and also attitudes, inside a specific context. Identification of competencies has been well recognized as a key element for the achievement of company goals, complimenting core business processes, customer relationships, and financial issues; integration of all these elements will reflect as an increase in company’s competitiveness (Hamel & Prahalad, 1994; Norton & Kaplan, 1996).

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