Competency Management and its allied terminologies are a buzz word in the corporate circles. The proliferation of mobile computing devices coupled with 24*7 internet connectivity has brought about a flood of information within the reach of individuals. This book is a part of a series that aim to synthesize data into information, add context and present the relevant knowledge in a form that can be easily disseminated by an individual. This book introduces the basic terms, terminologies; processes associated with organizational competency management. The book attempts to present the core concepts of competency management and should be an invaluable tool for a wide range of audience ranging from corporate honchos, HR/Human Capital Managers, Management graduates as well as knowledge seekers. The book is the first of a series which will explore the various facets of organizational competency management in detail.