Skills & Competencies for VP of Research & Development

VP of Research & Development job profile

JOB SUMMARY for VP of Research & Development

Plans and directs all research and development policies, objectives, and initiatives for a division.

JOB RESPONSIBILITIES for VP of Research & Development

Leads research efforts to identify new technologies and other scientific concepts that can be used to improve current product offerings or create new products and services. Evaluates and recommends ideas for new products that may enhance the organization's competitive position and achieve growth in revenue and/or market share.

VP of Research & Development SALARY RANGE

BASE 50%

$275,774

TOTAL 50%

$329,929
JOB LEVEL
M05
JOB CODE
EX05000213
EDUCATION/DEGREE
Master's Degree or MBA
REPORTS TO
Top Management

VP of Research & Development Skills and Competencies List

Proficiency Levels and Behavioural Indicators

Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.

Check each VP of Research & Development skill and competencie below to view definitions.

5 general skills or competencies (Job family competencies) for VP of Research & Development

Industry Competencies – Engineering Management

Proficiency Level - 4

Skill definition-Applying management skills and engineering principles in overseeing technical projects and personnel.

Level 1 Behaviors

(General Familiarity)

Identifies the different fields or specialized areas of engineering management.

Level 2 Behaviors

(Light Experience)

Records the available resources to present critical information to the engineering management.

Level 3 Behaviors

(Moderate Experience)

Uses engineering management platforms to monitor engineering operations and deliverable programs.

Level 4 Behaviors

(Extensive Experience)

Leverages data science techniques to make evidence-based decisions for engineering projects.

Level 5 Behaviors

(Mastery)

Develops engineering management platforms for sound and effective decision-making.

Industry Competencies – Engineering Change Management

Proficiency Level - 4

Skill definition-Creating, reviewing, and implementing engineering change requests, orders, and notifications.

Level 1 Behaviors

(General Familiarity)

Explains the effects of the uncoordinated implementation of engineering change management on the overall business.

Level 2 Behaviors

(Light Experience)

Maintains and reports engineering data change management and version control documents.

Level 3 Behaviors

(Moderate Experience)

Participates in testing engineering changes to ensure product functionality.

Level 4 Behaviors

(Extensive Experience)

Manages engineering product or process changes to determine the affected areas within the business operations.

Level 5 Behaviors

(Mastery)

Explains provisions for configuration identification, change control and configuration audits.

Industry Competencies – VP of Research & Development
Proficiency Level - 3
VP of Research & Development – Skill and Competency
Proficiency Level - 4
Competency for – VP of Research & Development
Proficiency Level - 5
14 soft skills or competencies (core competencies) for VP of Research & Development

Core Competencies – Business Acumen

Proficiency Level - 3

Skill definition-Insight into our organization's business, goals, and values. Ability to design and implement initiatives that facilitate successful outcomes.

Level 1 Behaviors

(General Familiarity)

Explains our key business strategies and priorities.

Level 2 Behaviors

(Light Experience)

Reports and communicates market and competitor status regularly to the management team.

Level 3 Behaviors

(Moderate Experience)

Evaluates supply chain efficiency with an eye toward improving shortcomings.

Level 4 Behaviors

(Extensive Experience)

Leverages the latest technologies and tools that enhance business analytics.

Level 5 Behaviors

(Mastery)

Designs and implements feedback loops to identify and promptly address business problems.

Core Competencies – Budgeting

Proficiency Level - 4

Skill definition-Applying specific policies, tools and practices to plan and prepare projected revenues, expenses, cash flows, and capital expenditures.

Level 1 Behaviors

(General Familiarity)

Explains the different purposes and uses of our organization's budgets.

Level 2 Behaviors

(Light Experience)

Produces budget reports showing planned vs. actual variances highlighted and explained.

Level 3 Behaviors

(Moderate Experience)

Reviews and helps approve major budget adjustments to negotiate and reconcile line variances.

Level 4 Behaviors

(Extensive Experience)

Monitors budgeting processes to ensure adherence to our organization's financial practices and standards.

Level 5 Behaviors

(Mastery)

Forecasts asset needs to leverage available inventory and data compilation for annual budgeting.

Core Competencies – VP of Research & Development
Proficiency Level - 3
VP of Research & Development – Skill and Competency
Proficiency Level - 4
Competency for – VP of Research & Development
Proficiency Level - 5

Summary of VP of Research & Development skills and competencies

There are 5 hard skills for VP of Research & Development, Engineering Management, Engineering Change Management, Value Engineering, etc.
0 general skills for VP of Research & Development.
14 soft skills for VP of Research & Development, Business Acumen, Budgeting, Planning and Organizing, etc.
While the list totals 19 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a VP of Research & Development, he or she needs to be skilled in Business Acumen, be skilled in Budgeting, and be skilled in Planning and Organizing.

Ready to get pay right?

Schedule a demo