The business is being shaped by the forces of liberalization and globalization putting an impact on the corporate sector to develop people with core competencies in terms of professional development. The professional development is important because it is supported by the value based development. The employees have to develop the values in such a way that people respect the ethics of doing business. As new knowledge is created faster than the workers can learn it, there exists a continuous skills gap. The professional abilities of the people cannot be designed in the classrooms but they have to perform on the platforms of exchange and development. The aim of the paper is built the strategic format for building core competencies of the professional through the better practices of the industry.
