The MIT Sloan School of Management introduced its "competency model" in 2000, creating a four-zone grid that measures demonstrated success, such as test scores and standout work experience, and personal attributes, such as relationship-building skills and sensitivity to others.

WSJ: Business Schools Know How You Think,

Unfortunately, for both students and the employers who would hire them, the increasing difficulty in securing the work experience necessary to demonstrate competency sans degree favors the less-rigorous test it and forget it model of competency-based learning.

FORBES: A BA In Burger Flipping: Is College Credit In Exchange For Life Experience A Fair Trade?

At least one blended-learning school, Summit Public Schools, is partnering to build its own solution to the problem and use content from different sources to support the new competency-based learning model it is developing, which seems like a smart backward integration.

FORBES: Is the Technology 'Ready' for Blended Learning?

The school is pushing the bounds of blended learning with a Flex model that is competency-based.

FORBES: What Are the Right Schools of Experience for Teachers in New Schools?