Workshop 8 - Competency, Part 1
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Competency: n. The ability to do something successfully or efficiently.
Competency is at the core of any business, and because of the importance of competency in sustainable business, it’s important to get a framework around it, form a common language around it. We don’t always know what we mean by competency, or if we do, we aren’t good at communicating it to others.
3 foundations of competency:
- Skill: knowing how to do something
- Knowledge: keeping up to date; knowing what’s going on in the field in which you work
- Experience: being able to say that you have done work in your skill area.
Competency = Photosynthesis: Competency is to sustainable business what photosynthesis is to a plant’s biology: photosynthesis changes energy from the sun into plant growth. Competency takes in energy in the forms of effort, ideas, money, and love, for example, and creates value in business. If you don’t have competency in something, you can put time, energy and money into a business without getting anything out. Competency is vital, especially to get to the triple bottom line of a sustainable business.
