Here management competency refers to managerial competency. Leadership or Managerial Competencies deal with skills and knowledge essential for overall business management, leading individuals and teams, setting business direction, analyzing and directing the solution of complex business problem, etc. Unlike functional competencies, these are more general skills required for success in all functions but not specific to a particular function. These are more behavioral in nature and while they can be taught conceptually in training programs the learning requires reinforcement through application in practical situations. Another aspect of leadership competencies is that they are not only applicable across different functions but are applicable across different levels of leadership hierarchy as well.
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