This document outlines an approach to developing valid and actionable competency models in 7 steps. It discusses conducting leadership interviews, job analyses, and job function surveys to gather objective data on key skills, knowledge, abilities, and behaviors needed for success. A behavioral assessment tool can help identify core personality traits of top performers. The competency model should be simple, targeted, and actionable. Competencies define capabilities at various proficiency levels. The launch involves communicating how competencies link to strategy, an interactive session, and initial tools. Further deployment phases additional tools over time. The next webinar will focus on competency-based talent development.