Competency-Value Matrix

The Competency-Value Matrix is a 2x2 matrix used to assess the value of a given competency or skill set. It is used to identify which competencies are most important to a business, and to determine which competencies should be prioritized for development.

At a very high level, the Competency-Value Matrix is used in the context of business, marketing, finance.

Competency-Value Matrix quadrant descriptions, including examples
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What is the Competency-Value Matrix?

A visual explanation is shown in the image above. The Competency-Value Matrix can be described as a matrix with the following quadrants:

  1. High Value/High Competency: Competencies that are both valuable to the business and that the business is already proficient in, e.g. customer service skills.
  2. High Value/Low Competency: Competencies that are valuable to the business, but that the business is not yet proficient in, e.g. digital marketing.
  3. Low Value/High Competency: Competencies that are not valuable to the business, but that the business is already proficient in, e.g. accounting.
  4. Low Value/Low Competency: Competencies that are neither valuable nor proficient, e.g. web design.

What is the purpose of the Competency-Value Matrix?

The Competency-Value Matrix is a 2x2 matrix used to assess the value of a given competency or skill set. It is used to identify which competencies are most important to a business, and to determine which competencies should be prioritized for development. The matrix has four quadrants: High Value/High Competency, High Value/Low Competency, Low Value/High Competency, and Low Value/Low Competency.

The High Value/High Competency quadrant is the most desirable, as it represents competencies that are both valuable to the business and that the business is already proficient in. The High Value/Low Competency quadrant represents competencies that are valuable to the business, but that the business is not yet proficient in. The Low Value/High Competency quadrant represents competencies that are not valuable to the business, but that the business is already proficient in. Finally, the Low Value/Low Competency quadrant represents competencies that are neither valuable nor proficient.

The Competency-Value Matrix is a useful tool for businesses to assess the value of their competencies and prioritize development of those competencies that are most valuable. It can also be used to identify areas of potential improvement and to develop strategies for leveraging existing competencies.


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What templates are related to Competency-Value Matrix?

The following templates can also be categorized as business, marketing, finance and are therefore related to Competency-Value Matrix: AIDA Marketing Matrix, Affiliate Marketing Matrix, Agile Capability-Value Alignment Matrix, Agile Scaling Matrix, Ansoff Matrix, Asset Allocation Matrix, BCG Matrix, Brand Affinity Matrix. You can browse them using the menu above.

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