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Purpose: The aim of the article is to identify the most significant assumptions and conditions for the development of the Competence-Based Strategic Management concept embedded on the assumptions and elements of the Competency-Based Human Resources Management concept. Moreover, the aim of the article is to identify the place of competences in the hierarchy of the firm success potentials in the concept of Competence-Based Strategic Management. Design/methodology/approach: The article indicates the most important stages on the road from the Competency-Based Human Resources Management concept to the Competence- Based Strategic Management concept. An extensive literature review and an identification approach were used. Findings: The basis for the formation and development of firm competences are personal competences. Consequently, the basis for the formation and development of the Competence- Based Strategic Management concept is the Competency-Based Human Resources Management concept. Moreover, firm competences occupy the most significant places in the hierarchy of the firm success potentials. Practical implications: The outcomes of the research presented in the article confirm the significance of the firm competences – which are embedded on the personal competences – in strategic management and business practice. Originality/value: The article presents the most important steps in the roadmap transition from the Competency-Based Human Resources Management concept (competency-oriented approach) to the Competence-Based Strategic Management concept (competence-oriented approach).
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