Many organizations today have established a set of guiding principles called “Core Competencies” that help
place focus on some of the most important priorities. Some call them Core Competencies, others call them
“Values” and still others have derivations of those two. For the purposes of discussion, we’ll refer to the
concepts as Core Competencies in this narrative.

Core Competencies have a similar function to a Mission Statement. They set the tone and communicate to
employees, customers, vendors, and communities a set of behavioral expectations. The difference between
the two is that employees can be evaluated on their performance against the Core Competencies whereas
that is not typically done with a Mission Statement.

Click here to read the Full Article.