The modern day organizational landscape is witnessing rapid changes, both in its structure and management. Managing its intangible assets is of paramount importance to an organization irrespective of its size, sector or domain, to enable it withstand the rigors of the current global economies. Only organizations that have a well defined and integrated Competency Management Framework would be able to successfully survive and compete in the knowledge economies of the future. This book introduces the basis terms, terminologies, processes associated with organizational competency management.