- competence
- Sufficient ability or fitness for one's needs. The necessary abilities to be qualified to achieve a certain goal or complete a project. Bloomberg Financial Dictionary
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competence com‧pe‧tence [ˈkɒmptəns ǁ ˈkɑːm-] noun1. [uncountable] also competency the ability or skill to do something well or to a satisfactory standard:• To remain in the guild, members must maintain their standards of professional competence.
• Part of the job requirement is that the candidate has competence in English.
2. [countable, uncountable] also competency HUMAN RESOURCES a skill that you need to do a particular job:• short residential courses designed to develop specific management competences
ˌcore ˈcompetence also ˌcore ˈcompetency1. [countable, uncountable] HUMAN RESOURCES an important skill that you need to have when doing a particular job:• A sample file showing the core competencies for the Managing Librarian position is shown below.
2. MARKETING [countable, uncountable] a particular ability or skill that a company has, which gives it an advantage over its competitors:• A software company's core competencies are likely to include software development and marketing.
• The Court of Appeal possesses the competence to set aside convictions.
4. [uncountable] LAW when someone is old enough, well enough, or intelligent enough to make decisions, appear in a court of law, sign a legal document etc:• Many children's solicitors found it difficult to determine the child's competence to give instructions.
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competence UK US /ˈkɒmpɪtəns/ noun► [C or U] (also competency) the ability to do something well: »Students can prove their competence by performing well in the exam.
»The ideal candidate will have both a design sensibility and competence in the relevant software packages.
»We need objective standards to assess the competency of our workforce.
► [C or U] (also competency) HR an important skill that is needed to do a job: »The writer stresses the need for wide-ranging competencies in addition to specific knowledge.
► [U] LAW the power of a person, business, court, or government to deal with something or take legal decisions: sb's competence to do sth »There are concerns about his competence to stand trial.
»At present, national authorities have competence in these cases.
Financial and business terms. 2012.