Resumen
AbstractCompetency, its nature, its acquisition and its maintenance, is emerging as the pivotal dimension of human development for employability, corporate competitive advantage and national economic success. It is, however, a concept still fogged by misunderstanding and debate. The authors of this article attempt to clear the fog by providing a succinct conceptual framework which integrates the contributions of many theorists and accommodates the use of the term in a variety of contexts. In addition, they propose that competencies are more than the essence of a national qualifications framework, or of corporate training programmes, as they are intimately linked to strategy with all its implications. Competency, therefore, is a central issue for managers seeking competitive advantage.