Executive Development is a complex process that occurs throughout one’s career over time. It involves the systematic improvement and the broadening of knowledge, experience, and skills, and enabling the cognitive structure and personal qualities needed for performing an executive position. The programs’ main responsibility is to teach strategy to participants and to develop their strategic competence, who are expected to apply their competencies in the real world of strategic business management. To succeed executives need to be creative and skilled and to have a high level of strategic competence. When one analyses the many Strategic Management Development programs, it becomes easy to say that the many programs, whether presented in formal academic settings (like MBA) or within enterprises, emphasize analytical techniques and tools for guiding executives’ decisions, and do not address the strategic competence development. This paper proposes a definition and discusses the strategic competence under the Mental Model proposition. It presents the results of research on preferred jobs and their relationship to the Mental Models and discusses the crossing over from the operational mental model (OMM) to the strategic mental model (SMM) based on neurocognition development.