Competence Based Competition

Competence based competition is arguably the most viable form of competition in the 21st century information era. Knowledge which is not synonymous with competence gives direction to employees on how to think and react to their environment. Knowledge is one of the key strategic resources companies have today - Competence Based Competition: Competitive Advantage via Knowledge Management tools in the case of SNV-The Netherlands Development Organization, by Sara Mbago - Bhunu. The changing architecture of development finance presents new opportunities to apply innovative solutions and mechanisms to lift communities out of poverty at scale. There is now documented evidence of interventions that work and do not work to address development challenges. Critical success factors and necessary preconditions. The Competence Based Model provides managers with a framework enabling them to harness tacit knowledge that exists among staff to leverage it to provide smart development solutions that deliver sustainable impact. Identifying and setting a value to tacit knowledge provides tangible incentives to staff to document approaches, lessons and also encourages them to apply good practice.