Strategies for Competence Development in Dynamic Business Landscapes

Christine Marillo; Barbara Freeman; Almeida Espanha; Jeffrey Watson; Barrack Viphindrat

doi:10.61230/interconnection.v1i4.76

Authors

Christine Marillo University of Connecticut, United States
Barbara Freeman University of Leeds, United Kingdom
Almeida Espanha University of Seville, Spain
Jeffrey Watson University of Guelph, Canada
Barrack Viphindrat University of Delhi, India

DOI:

https://doi.org/10.61230/interconnection.v1i4.76

Keywords:

Competence Development, Dynamic Business Landscapes, Continuous Learning, Agile Talent Management, Organizational Resilience

Abstract

In today's rapidly evolving business landscape, organizations face unprecedented challenges in sustaining competitiveness due to technological disruptions, globalization, and unpredictable market dynamics. To thrive amidst this turbulence, the cultivation of relevant competences has become a strategic imperative. This study explores competence development strategies tailored for navigating dynamic business landscapes. Through a mixed-methods approach, including qualitative interviews, focus groups, and quantitative surveys, key practices, challenges, and opportunities in competence development are examined. Findings reveal a variety of strategies, including continuous learning initiatives, agile talent management, and innovation ecosystems, employed by organizations to enhance competences. Additionally, the study highlights the importance of organizational resilience, change management, and ethical leadership in fostering adaptability and innovation. Recommendations for organizational leaders, practitioners, and scholars include embracing digital transformation, fostering learning cultures, addressing ethical challenges, investing in talent management, and promoting lifelong learning. While providing valuable insights, the study acknowledges limitations such as sample representativeness and reliance on self-reported data, suggesting avenues for future research. Overall, this study contributes to advancing understanding of competence development in dynamic business landscapes, offering actionable insights for organizational success amidst uncertainty and change.

References

Abasilim, U. D., Gberevbie, D. E., & Osibanjo, O. A. (2019). Leadership Styles and Employees’ Commitment: Empirical Evidence From Nigeria. SAGE Open, 9(3), 1–15. https://doi.org/10.1177/2158244019866287

Afriani, F. S. (2023). Analysis of the Implementation of PSAK 01 regarding the Presentation of Financial Reports at the Sherlina Oriflame Agent Marpoyan Pekanbaru. Nexus Synergy: A Business Perspective, 1(3), 109–137. https://firstcierapublisher.com/index.php/nexus/article/view/55

Ain, Q. U., Yuan, X., Javaid, H. M., Zhao, J., & Xiang, L. (2021). Board Gender Diversity and Dividend Policy in Chinese Listed Firms. SAGE Open, 11(1), 1–19. https://doi.org/10.1177/2158244021997807

Alfat, F. F. (2024). Factors that Influence the Learning Achievement of Students Majoring in Accounting at the Institut Teknologi dan Bisnis Master Pekanbaru. Reflection: Education and Pedagogical Insights, 1(4), 128–157. https://doi.org/https://doi.org/10.61230/reflection.v1i4.60

Alpler, N. N., Arasli, H., & Doh, W. L. (2021). The Moderating Role of Employability in the Hospitality Industry: Undesired Job Outcomes. SAGE Open, 11(1), 1–14. https://doi.org/10.1177/2158244021994504

Amin, A. M., & Wijaya, J. (2024). Brand Trust, Celebrity Endorser, and Product Bundling on Purchasing Interest and Its Impact on Decisions to Purchase Starbucks Drink at Pekanbaru. Interconnection: An Economic Perspective Horizon, 1(4), 181–197. https://doi.org/https://doi.org/10.61230/interconnection.v1i4.69

Andi, Jufrianto, Tanjung, A. R., Komardi, D., & Purnama, I. (2023). Knowledge, Expertise, and Experience on Employee Performance at PDAM Tirta Siak Pekanbaru City. Luxury: Landscape of Business Administration, 1(2), 78–89. https://firstcierapublisher.com/index.php/luxury/article/view/26

Andi, Julina, Putra, R., & Swanto, D. J. (2022). The Influence of Competency, Career Development, Compensation and Organizational Commitment on Job Satisfaction and Performance of Public Junior High School Teacher on Bangko District, Rokan Hilir Regency. International Conference on Business Management and Accounting (ICOBIMA), 1(1), 79–95.

Argyris, C., & Schön, D. A. (1978). Organizational learning: A theory of action perspective. Addison-Wesley.

Asl, S. G., & Osam, N. (2021). A Study of Teacher Performance in English for Academic Purposes Course: Evaluating Efficiency. SAGE Open, 11(4), 1–9. https://doi.org/10.1177/21582440211050386

Bongmini, E. (2023). Analysis of the Accounting Information System for Purchases of Merchandise in an Effort to Improve Internal Control at PT. Riau Abdi Sentosa. Nexus Synergy: A Business Perspective, 1(3), 138–167. https://firstcierapublisher.com/index.php/nexus/article/view/56

Castro, S. B. E., Castillo, M. A. S., Quiroz, C. O. A., & Hernández, L. F. B. (2020). Measurement Model and Adaptation of a Self-Efficacy Scale for Mathematics in University Students. SAGE Open, 10(1), 1–10. https://doi.org/10.1177/2158244019899089

Chandra, T., Renaldo, N., Chandra, S., & Ng, M. (2024). Blue Management Accounting: Water Footprint, Cost, Efficiency, and Internal Control at WKP Corporation Headquarters. Journal of Environmental Accounting and Management, 12(2), 185–200. https://doi.org/10.5890/JEAM.2024.06.006

Chandra, T., Renaldo, N., & Putra, L. C. (2018). Stock Market Reaction towards SPECT Events using CAPM Adjusted Return. Opción, Año 34(Especial No.15), 338–374.

Cox, T., & Blake, S. (1991). Managing cultural diversity: Implications for organizational competitiveness. Academy of Management Executive, 5(3), 45-56.

Creswell, J. W., & Creswell, J. D. (2018). Research Design: Qualitative, Quantitative, and Mixed Methods Approaches (Fifth). SAGE.

Dwianika, A., & Gunawan, J. (2020). SME’s Green Entrepreneurial Intellectual Capital. International Journal of Business, Economics and Law, 23(1), 322–332.

Estu, A. Z., Sella, T., Irman, M., Anton, & Eddy, P. (2023). Tax Justice Perceptions on Tax Compliance of WPOP on KPP Pratama Tampan Kota Pekanbaru. Nexus Synergy: A Business Perspective, 1(1), 21–31. http://firstcierapublisher.com/index.php/nexus/article/view/10

Hasna, F., Zulaihati, S., & Sumiati, A. (2023). The Effect of Capital Intensity Ratio and Sales Growth to Tax Avoidance with Independent Commissioners as Moderating Variable (Empirical Study on Consumer Goods Industry Companies on the Indonesia Stock Exchange in 2021-2022). Nexus Synergy: A Business Perspective, 1(1), 72–83. http://firstcierapublisher.com/index.php/nexus/article/view/43

Hidayat, A., Syarifudin, E., & Firdaos, R. (2024). Work Ability and Organizational Climate’s Effects on Employees’ Performance. Reflection: Education and Pedagogical Insights, 1(4), 184–192. https://doi.org/https://doi.org/10.61230/reflection.v1i4.62

Hitt, M. A., Ireland, R. D., & Hoskisson, R. E. (2011). Strategic management: Concepts and cases: Competitiveness and globalization. Cengage Learning.

Isik, U., Tahir, O. El, Meeter, M., Heymans, M. W., Jansma, E. P., Croiset, G., & Kusurkar, R. A. (2018). Factors Influencing Academic Motivation of Ethnic Minority Students: A Review. SAGE Open, 8(2), 1–8. https://doi.org/10.1177/2158244018785412

Junaedi, A. T., Renaldo, N., Yovita, I., Augustine, Y., & Veronica, K. (2023). Uncovering the Path to Successful Digital Performance through Digital Technology and Digital Culture as Moderation. Proceeding of International Conference on Business Management and Accounting (ICOBIMA), 2(1), 71–81. https://doi.org/https://doi.org/10.35145/icobima.v2i1.3959

Junaedi, A. T., Renaldo, N., Yovita, I., Veronica, K., & Jahrizal. (2023). Development of Digital Economy Teaching Materials: Basic Concepts of Business Intelligence. Reflection: Education and Pedagogical Insights, 1(2), 51–61. https://doi.org/10.61230/reflection.v1i2.28

Junaedi, A. T., Renaldo, N., Yovita, I., Veronica, K., & Jahrizal. (2024). Digital Culture Revolution in Improving Firm Performance in Indonesia. Journal of System and Management Sciences, 14(1), 452–470. https://doi.org/10.33168/JSMS.2024.0126

Junaedi, A. T., Renaldo, N., Yovita, I., Veronica, K., & Sudarno. (2023a). Digital Culture as a Moderating Factor in Increasing Digital Literacy. Reflection: Education and Pedagogical Insights, 1(3), 116–127. http://firstcierapublisher.com/index.php/reflection/article/view/49

Junaedi, A. T., Renaldo, N., Yovita, I., Veronica, K., & Sudarno, S. (2023b). Peluang dan Tantangan Bank Syariah di Era Perbankan Digital dalam Perspektif Generasi Z. Kurs: Jurnal Akuntansi, Kewirausahaan Dan Bisnis, 8(2), 116–125.

Junaedi, A. T., Sudarno, Renaldo, N., Tanjung, A. R., Komardi, D., Nyoto, Suhardjo, Rahman, S., Andi, & Sevendy, T. (2023). Ekonomi Kreatif sebagai Penggerak dalam Pertumbuhan Ekonomi Masyarakat di Era Digitalisasi (Guru Ekonomi Provinsi Riau). JUDIKAT: Jurnal Pengabdian Kepada Masyarakat, 3(2), 89–97. https://doi.org/https://doi.org/10.35145/judikat.v3i2.3952

Kotter, J. P. (1995). Leading change: Why transformation efforts fail. Harvard Business Review Press.

Kudri, W. M., & Putra, R. (2024a). Elevating Village Financial Care: Igniting Excellence through Dynamic Education and Training in Work Motivation. Interconnection: An Economic Perspective Horizon, 1(4), 218–232. https://doi.org/https://doi.org/10.61230/interconnection.v1i4.73

Kudri, W. M., & Putra, R. (2024b). Leadership Style, Work Stress, and Digital Organizational Communication to Employee Performance on PT Bentoro Adisandi Ivena Pekanbaru. Informatica and Digital Insight Journal, 1(1), 8–23.

Muhrodin, M., Sudarno, S., Junaedi, A. T., Andi, A., & Putri, N. Y. (2024). The Effect of Motivation, Organizational Culture, Competency on Work Commitment and Performance of SD Teachers in Bengkalis District. Interconnection: An Economic Perspective Horizon, 1(4), 198–217. https://doi.org/https://doi.org/10.61230/interconnection.v1i4.71

Nwagu, E. N., Enebechi, J. C., & Odo, A. N. (2018). Self-Control in Learning for Healthy Living Among Students in a Nigerian College of Education. SAGE Open, 8(3), 1–9. https://doi.org/10.1177/2158244018793679

Nyoto, R. L. V., Nyoto, & Renaldo, N. (2024). Information Technology Advancements for A Digital Economy. Informatica and Digital Insight Journal, 1(1), 1–7. https://doi.org/https://doi.org/10.61230/informatica.v1i1.67

Nyoto, Sudarno, Sriadmitum, I., Renaldo, N., & Hutahuruk, M. B. (2023). Conceptual Model of Leadership Style, Work Environment and Compensation on Job Satisfaction and Teacher Performance. Interconnection: An Economic Perspective Horizon, 1(1), 1–10. https://firstcierapublisher.com/index.php/interconnection/article/view/3

Ogbeibu, S., Jabbour, C. J. C., Burgess, J., Gaskin, J., & Renwick, D. W. S. (2021). Green talent management and turnover intention: the roles of leader STARA competence and digital task interdependence. Journal of Intellectual Capital. https://doi.org/10.1108/JIC-01-2021-0016

Özcan, F., & Elçi, M. (2020). Employees’ Perception of CSR Affecting Employer Brand, Brand Image, and Corporate Reputation. SAGE Open, 10(4), 1–13. https://doi.org/10.1177/2158244020972372

Paine, L. S. (1994). Managing for organizational integrity. Harvard Business Review, 72(2), 106-117.

Pantouvakis, A., & Bouranta, N. (2017). Agility, organisational learning culture and relationship quality in the port sector. Total Quality Management & Business …. https://doi.org/10.1080/14783363.2015.1084871

Pramesti, I. G. A. A., & Renaldo, N. (2023). Tri Hita Karana Philosophy in Ethical Leadership of Village Credit Institutions. Nexus Synergy: A Business Perspective, 1(2), 95–99. http://firstcierapublisher.com/index.php/nexus/article/view/41

Purba, J. O. (2023). Consumer Price Index Analysis as Teaching Material for Accounting. Reflection: Education and Pedagogical Insights, 1(2), 62–68. http://firstcierapublisher.com/index.php/reflection/article/view/29

Purba, J. O., Christina, C., Wijaya, E., Andi, & Syahputra, H. (2023). Promotion, Brand Image, and Customer Relationship Management on Aluminum Purchase Decisions at PT Global Alumindo Perkasa. Luxury: Landscape of Business Administration, 1(1), 12–22. https://firstcierapublisher.com/index.php/luxury/article/view/16

Putra, R., Farnila, V., Suyono, Tjahjana, D. J. S., & Renaldo, N. (2023). Determining Conceptual Model of Employee Satisfaction and Performance of PT Agung Automall in Soekarno Hatta Pekanbaru. Luxury: Landscape of Business Administration, 1(1), 44–52. https://firstcierapublisher.com/index.php/luxury/article/view/20

Putra, R., & Kudri, W. M. (2024). Fueling Success: Unleashing the Power of Motivation, Nurturing Work Environments, and Cultivating Organizational Culture for Peak Job Satisfaction and Performance. Luxury: Landscape of Business Administration, 2(1), 71–84. https://doi.org/https://doi.org/10.61230/luxury.v2i1.72

Renaldo, N., Hafni, L., Hocky, A., Suhardjo, & Junaedi, A. T. (2022). The Influence of Digital Technology and Efficiency Strategy on Business Sustainability with Quality Management as Moderating Variables. 2nd International Conference on Business & Social Sciences, 1464.

Renaldo, N., & Murwaningsari, E. (2023). Does Gender Diversity Moderate the Determinant of Future Firm Value? Review of Economics and Finance, 21, 680–689. https://doi.org/https://doi.org/10.55365/1923.x2023.21.72

Renaldo, N., Sudarno, S., Hughes, A., Smith, H., & Schmidt, M. (2024). Unearthed Treasures by Unlocking the Secrets of Forgotten Cash through Dynamic Cash Flow Analysis. Luxury: Landscape of Business Administration, 2(1), 85–92. https://doi.org/10.61230/luxury.v2i1.75

Renaldo, N., Vomizon, R., Nuonnad, D. O., Okšav, N., & Hilas, R. A. (2023). The Use of ANOVA in Comparative Analysis of Exchange Rates in Indonesia. Nexus Synergy: A Business Perspective, 1(2), 100–108. http://firstcierapublisher.com/index.php/nexus/article/view/47

Rusdiman, Siburian, P., Purba, S., & Sinaga, O. (2022). Academic Supervision Model in Improving Teacher Performance. International Journal of Humanities Education and Social Sciences (IJHESS), 1(6), 863–871. https://doi.org/10.55227/ijhess.v1i6.171

Sanchez, R., & Heene, A. (1996). Strategic competence development in the 21st century. Long Range Planning, 29(2), 167-183.

Sekaran, U., & Bougie, R. (2016). Research Method for Business A Skill-Building Approach Seventh Edition (Seventh Ed). John Wiley & Sons. https://doi.org/10.1007/978-94-007-0753-5_102084

Senge, P. M. (1990). The fifth discipline: The art and practice of the learning organization. Doubleday/Currency.

Sevendy, T., Renaldo, N., Nyoto, Sudarno, Suhardjo, Panjaitan, H. P., & Hutahuruk, M. B. (2023). Development of Tax Teaching Materials: Withholding Tax. Reflection: Education and Pedagogical Insights, 1(1), 20–27. https://firstcierapublisher.com/index.php/reflection/article/view/5

Sevendy, T., Suhardjo, S., Renaldo, N., Remy, A., & Meyer, K. (2023). Internet Understanding Moderates the Influence of Technology Acceptance Model and Digital Taxation on Taxpayer Compliance. Interconnection: An Economic Perspective Horizon, 1(3), 163–170. http://firstcierapublisher.com/index.php/interconnection/article/view/53

Spencer, L. M., & Spencer, S. M. (1993). Competence at work: Models for superior performance. John Wiley & Sons.

Su, X., Xu, A., Lin, W., Chen, Y., Liu, S., & Xu, W. (2020). Environmental Leadership, Green Innovation Practices, Environmental Knowledge Learning, and Firm Performance. SAGE Open, 10(2), 1–14. https://doi.org/10.1177/2158244020922909

Sudarno, Hutahuruk, M. B., Prayetno, M. P., Renaldo, N., Taylor, J. A., & Harrison, E. (2024). Educational Tactics through Social Marketing: Enhancing Awareness and Community Participation in Building a Quality Education Environment. Reflection: Education and Pedagogical Insights, 1(4), 203–215. https://doi.org/https://doi.org/10.61230/reflection.v1i4.64

Suhardjo, Renaldo, N., Sevendy, T., Yladbla, D., Udab, R. N., & Ukanahseil, N. (2023). Accounting Skills, Digital Literacy, and Human Literacy on Work Readiness of Prospective Accountants in Digital Technology Disruption Era. Reflection: Education and Pedagogical Insights, 1(3), 106–115. http://firstcierapublisher.com/index.php/reflection/article/view/48

Suhardjo, S., Renaldo, N., Sevendy, T., Wahid, N., & Cecilia, C. (2023). Customer Satisfaction with Online Food Delivery Services. Luxury: Landscape of Business Administration, 1(2), 90–101. https://firstcierapublisher.com/index.php/luxury/article/view/27

Tanjung, A. R., Komardi, D., Renaldo, N., Reilly, W., & Yu, H. (2023). Exploring the Human Element: A Qualitative Study of the Use of Human Resources Accounting in an Organizational Context. Interconnection: An Economic Perspective Horizon, 1(3), 171–180. http://firstcierapublisher.com/index.php/interconnection/article/view/54

Teece, D. J. (2014). A dynamic capabilities-based entrepreneurial theory of the multinational enterprise. Journal of International Business Studies, 45(1), 8-37.

Teece, D. J., Pisano, G., & Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic Management Journal, 18(7), 509-533.

Vuchkovski, D., Zalaznik, M., Mitręga, M., & Pfajfar, G. (2023). A look at the future of work: The digital transformation of teams from conventional to virtual. Journal of Business Research, 163(113912), 1–17. https://doi.org/10.1016/j.jbusres.2023.113912

Weick, K. E., & Sutcliffe, K. M. (2007). Managing the unexpected: Resilient performance in an age of uncertainty. John Wiley & Sons.

Zulkifli, Z., Purwati, A. A., Renaldo, N., Hamzah, Z., & Hamzah, M. L. (2023). Employee performance of Sharia Bank in Indonesia : The mediation of organizational innovation and knowledge sharing. Cogent Business & Management, 10(3), 1–25. https://doi.org/10.1080/23311975.2023.2273609