The premises of the evolution and development of firm competences in strategic management

Purpose: The aim of the article is to identify the premises of the evolution and development of firm competences in strategic management. Design/methodology/approach: The article indicates the key role of competences in strategic management. An extensive literature review and an identification approach were used. Findings: Competences may significantly affect the achievement of the expected market and economic outcomes, as well as building a long-term competitive advantage of a firm. Practical implications: The results of the research presented in the article show the significant importance of the firm competences in strategic management and business practice. Originality/value: The most important conditions for the development of the firm competences in the field of strategic management were presented. The article is addressed both to researchers as well as managers and other business practitioners