Hierarchy of value

The following was posted as a followup to the previous post:
Very interesting food for thought:

Hire and promote first on the basis of integrity; 

second, motivation; 

third, capacity; 

fourth, understanding; 

fifth, knowledge; 

and last and least, experience.

Without integrity, motivation is dangerous; 

without motivation, capacity is impotent; 

without capacity understanding is limited; 

without understanding, knowledge is meaningless; 

without knowledge, experience is blind.

Experience is easy to provide and quickly put to use by people with all the other qualities.

– Dee Hock, founder and CEO emeritus of Visa in The War for Talent.