Executives’ strategic decision making processes heavily affect an organization. Due to rapid changes in the
environment, the role of executives is becoming more important for the growth of organizations. Organizations
are striving to maintain, evaluate, develop and expand their top talent, placing great importance on
competency. Competency refers to individual’s knowledge, skills, attitudes and traits needed to achieve high
performance and a systemized competency model forms the base of human resource management. In this
study, we developed the competency model of executives of Company A with diverse methodologies such as
behavioral event interview, and expert panel workshop. As a result, the model consisted of 3 categories such
as core competency, leadership competency, technical competency and 13 competencies such as achievement
orientation, organizational commitment, development talents, organizational awareness, flexibility, information
seeking, influencing others, performance management, customer oriented, strategic problem solving, networking,
breakthrough thinking, challenge. In addition, in order to assess how well the competency model can predict
performance, we conducted multi-source competency evaluation(360 assessment) about competency and
performance. After the completion of the evaluation, we analyze correlation between the results of competency
evaluation and performance based on collected data. Results showed that all competencies were significantly
correlated with performance(p<.01). This study shows that the competency models for executives will provide
useful HR insights of executives in the future.