Skills & Competencies for VP of Research & Development

VP of Research & Development job profile

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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%
$273,697
TOTAL 50%
$327,440
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.
INDUSTRY COMPETENCIES CORE COMPETENCIES
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5 hard skills or competencies (industry competencies) for VP of Research & Development

1 Industry Competency – Engineering Management
Proficiency Level -4
Skill definition-Applying management skills and engineering principles in overseeing technical projects and personnel.
Level 1 Behaviors
(General Familiarity)
Describes the process of executing engineering management plans and initiatives.
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Level 2 Behaviors
(Light Experience)
Documents work output to understand the effectiveness of engineering management processes.
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Level 3 Behaviors
(Moderate Experience)
Coordinates all areas of engineering management to conform with project delivery timelines.
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Level 4 Behaviors
(Extensive Experience)
Guides and trains the engineering management teams to design effective roadmaps.
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Level 5 Behaviors
(Mastery)
Creates engineering management workflow and approaches based on feedback from the stakeholders.
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2 Industry Competency – Engineering Change Management
Proficiency Level -4
Skill definition-Creating, reviewing, and implementing engineering change requests, orders, and notifications.
Level 1 Behaviors
(General Familiarity)
Describes the concepts and definitions of engineering change management and processes.
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Level 2 Behaviors
(Light Experience)
Follows a set of guidelines in providing support with engineering change management.
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Level 3 Behaviors
(Moderate Experience)
Analyzes databases to provide critical status evaluations of engineering projects for change management.
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Level 4 Behaviors
(Extensive Experience)
Leads periodic management audits of customer configuration and ISO9001 assessments.
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Level 5 Behaviors
(Mastery)
Develops change management tools to document and track engineering code and order changes.
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3 VP of Research & Development - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - VP of Research & Development
Proficiency Level - 4
5 Competency for - VP of Research & Development
Proficiency Level - 5

14 soft skills or competencies (core competencies) for VP of Research & Development

1 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)
Describes the market conditions that impact the business.
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Level 2 Behaviors
(Light Experience)
Collects and compiles competitor information for competitive analysis.
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Level 3 Behaviors
(Moderate Experience)
Communicates financial insights that positively influence the business plan development process.
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Level 4 Behaviors
(Extensive Experience)
Coordinates technical and business teams to solve complex and diverse customer problems.
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Level 5 Behaviors
(Mastery)
Champions organizational change and digital transformation to drive higher business performance.
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2 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)
Describes the concepts and principles of budgeting operations.
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Level 2 Behaviors
(Light Experience)
Gathers data from financial statements to help create budget plans and improve budgeting strategies.
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Level 3 Behaviors
(Moderate Experience)
Implements strategic operational efficiencies and techniques for conducting successful budgeting.
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Level 4 Behaviors
(Extensive Experience)
Determines system capabilities and needs to improve the process for financial budgeting.
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Level 5 Behaviors
(Mastery)
Develops financial models to support the strategic improvement of our budgeting processes.
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3 VP of Research & Development - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - VP of Research & Development
Proficiency Level - 4
5 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.

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