Lawrence and Dyer 1983 were the first ones to introduce the concept of

Lawrence and dyer 1983 were the first ones to

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on the development process of products and services. Lawrence and Dyer (1983) were the first ones to introduce the concept of competence renewal based on specific demands of the future.
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2.5.2 Technology competence Technological competence is the special ability to transform knowledge into designs and new products in unique ways (Wang et. al., 2004). In a study of the competence framework published by the Corporate Leadership Council (CLC) in 2010, the requirement of future competence building is emphasized as part of the suggested model. It is recommended that while creating the competence framework, future resource requirements based on the technology changes need to be included to ensure continuity incompetence. The model also suggested the inclusion of key leadership competence required for the future. The process of identifying the competence and core employees is also part of the CLC framework. While most of the competence literature talked about the clear and present requirements of firm level competence, Competence development programs focusing future business developments are one of the important success factors of the firms ( O'Driscoll, Carson, & Gilmore, 2001). To alleviate the effect of technology competence obsolescence, Rosen and Jerdee (1985) argued the need of setting up dedicated technology research team within the firm. Though this approach looks radical, it is an essential talent management strategy for high technology firms. There are many companies in the
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