The Arthur D. Little's R&D Management Best Practice Study found that companies that effectively manage their resource and competence are more likely to succeed in the ever-changing technology landscape. Leading companies develop resilience in their resourcing plans, have a long-term view on future competencies, and develop these with external partners. Investing in capability building projects and linking internal and external networks is also crucial for knowledge development. Resource and competence management is important because it ensures that companies allocate their most valuable asset - insight into resource and competence management - effectively. Companies should focus on developing resilience in their resourcing plans, having a long-term view on future competencies, and developing these with external partners.
