18 Management Competencies 18 Management Competencies: With the rapid expansion of globalmarkets, managers in business enterprises are struggling to balancethe need to think globally and act locally. The uniqueness of thisbook lies in its simplicity in defining the basic nature of acompetency. Business Professionals Cannot Ignore! is a book writtenby management professionals for easy understanding and use bystudents and practitioners of Business and Management. This workdoes not pretend to be the last word on competencies, but it can beuseful as an invaluable reference guide, a ready reckoner or a HRhandbook for practitioners at various levels. It is not an academictreatise.