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McClelland's (1973) work that defines what an individual needs to be able to master in order to perform according to the organizational demands and have led to popular Competency models.
What are the 5 areas that Bolden and Gosling (2006) draw as criticisms of Competency Models?
Merchantability
A legal concept referring to the implicit guarantee that a product is fit for the purposes for which it is sold.
UCC
A wide-ranging series of statutes known as the Uniform Commercial Code is in place to govern commercial activities across the US.
Implied Warranty
A legal assurance in a transaction that the goods or services sold meet certain standards even if not explicitly stated.
Lease
A contractual agreement by which one party conveys property, services, or land to another party for a specified period of time, in return for periodic payments.
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