Strategic Competence Management is a new interesting managerial concept which describes ways how firms should develop their competencies in a systematic way to get sustainable competitive advantage at the market. But the meaning of the term Competence varies significantly among different – not only managerial – disciplines. To be able to work with the concept of the Strategic Competence Management, the sense of the term Competence must be necessarily clarified. This paper describes different meanings of the term Competence and builds prerequisites for it’s usage especially regarding the Strategic Competence Management in a Czech language environment.