Competency model as a tool of valuation of management capability

In the current business environment of constant change and turmoil occurs between businesses rivalry, which has an impact on their actual success and prosperity. Successful companies put primary emphasis on the quality of their managers’ defined competencies. Competencies are becoming a key building element for the success of these businesses. Businesses regardless of their size, legal form of business and branch, in which they operate, are highlighting the importance of competency models and their usage. Competency model in corporate practice is an instrument of valuation of the managerial competence, which contributes to the development of managerial competences and to creating and sustaining of competitive advantage in business. The aim of this paper is a comparison of the views of domestic and foreign authors on managerial competence perused through domestic and foreign literature. Based on the study of knowledge from literary sources we point out the nature of managerial competence. At the different kinds of competences as a valuation tool of managerial capability is highlighted the essence of the competency model, which in some way contributes to the improvement and refinement of management processes in companies. With the joining of several competences for a managerial position in the managerial triangle for a purpose we are talking about competency models in holistic management. With combining of several competences for a managerial position in the managerial triangle for a purpose we are talking about competency models in holistic management. We put the accent on different approaches and competency models from the view of several authors. The paper is a benefit in many of the recommendations and proposals for corporate and business practices that contribute to the creation, development and maintenance of the competitive advantages of the company owned by the company or in the future may become the owner.