Suggest a stepwise synthesis for the following. 
Definitions:
Competencies
The combination of skills, knowledge, and abilities that are required to perform a specific job or function effectively.
Human Capital Stock
The amount of any specific form of human capital that is available to the firm at any given time.
Knowledge
Information, understanding, and skills that individuals acquire through experience, education, or training.
Knowledge
Knowledge is the theoretical or practical grasp of a subject, gained through education or experience, encompassing the information, skills, and comprehension obtained.
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