Chief Learning Officer magazine: CLO Explores Technology Use to Enable Competency Management; MB Financial Leverages Technology to Meet Compliance Needs.

CHICAGO -- Many organizations have embraced the idea that a competency COMPETENCY, evidence. The legal fitness or ability of a witness to be heard on the trial of a cause. This term is also applied to written or other evidence which may be legally given on such trial, as, depositions, letters, account-books, and the like.
2. model can encourage development of a high-performance culture. A competency model describes the individual skills and behaviors that can lead to superior performance. The Technology feature in the December issue of Chief Learning Officer magazine examines how the use of technology can tie core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):

It provides customer benefits
It is hard for competitors to imitate
It can be leveraged widely to many products and markets.

to performance evaluations Performance evaluation

The assessment of a manager's results, which involves, first, determining whether the money manager added value by outperforming the established benchmark (performance measurement) and, second, determining how the money manager achieved the calculated return , recruiting, team assignments, succession planning Management Succession Planning
In organizational development, succession planning is the process of identifying and preparing suitable employees through mentoring, training and job rotation, to replace key players — such as the chief executive officer (CEO) — and more. A case study on MB Financial details the company's large scale use of technology to customize course content, enable cost control measures and optimize learning delivery methods. To read the article, visit www.clomedia.com.

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Publication:	Business Wire
Date:	Dec 6, 2005
Words:	100
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