Final answer:
The HR competency that focuses on applying HR management principles to contribute to business success is Institutional & Corporate Management.
Step-by-step explanation:
The HR competency that focuses on the ability to apply the principles of HR management to contribute to the success of a business is called Institutional & Corporate Management. This competency involves understanding the goals and objectives of the organization and aligning HR strategies and practices to support those goals. It includes areas such as workforce planning, talent management, and organizational development.