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A competency framework for strategic planning managers in multi-business holding organisations

Open Access
|Sep 2023

Figures & Tables

The framework of competencies of strategic planning managers in multi-business holding organisations_

GroupAspectsCompetencies
Strategy formulation1. Environmental scanning1.1. The power of analysing internal and external factors of the business environment
1.2. Knowledge in the field of benchmarking
1.3. Information about competitors in the market
2. Future studies and policymaking2.1. Ability to analyse the target industries, research the future and draw the perspective of products and services
2.2. Knowledge of the latest methods and tools in formulating strategies
2.3. Experience and knowledge in the field of translating strategies into operational plans
2.4. Scenario analysis
Strategy implementation3. Strategic monitoring and control3.1. Proficiency in strategy implementation tools
3.2. Keeping track of operational affairs and action plans
3.3. Collaboration with the corporate management team
3.4. Ability to establish communication and coordination between operational units
3.5. Knowledge in the field of reporting systems and action control
4. Adopting optimal tactics4.1. Proficiency in negotiation techniques
4.2. Comprehensive awareness of international markets
4.3. Fluency in international languages
4.4. Awareness of new financing methods
4.5. Knowledge and awareness in areas related to target industries
4.6. Knowledge on supply chain elements in areas related to the target industries
4.7. Knowledge and awareness in the field related to productivity management
4.8. Proficiency in new methods and tools in the field of evaluating the performance of subsidiaries
4.9. Proficiency in the principles of corporate governance and stock market
4.10. Proficiency in the basics of the economic evaluation of development projects
4.11. Knowledge and experience in auditing companies

Comparing the dimensions of the SPM framework with other competency frameworks in the literature_

Competency frameworksCohortFindingsComparison with SPM frameworkReference
Competency model for safety managersSafety managersThree behavioural leadership competencies (emotional, social and cognitive) are critical in the performance of safety managersSPM concentrates on technical and process skills, while this framework conceptualises behavioural leadership competencies in the context of safety managementAlidrisi and Mohamed (2022)
Quality management competence frameworkQuality managersHumans, the methods and process, and the conceptual and contextual competence dimensions form the four pillars of the competency frameworkBoth models have a similar emphasis on the context of management. However, the SPM model also considers the link with the business environment as a vital element of competencyMartin et al. (2021)
Managers’ competencies in Industry 4.0General managersFocuses on sustainable development and distribution of managers’ competenciesLeadership, communication and creativity are the cornerstones of both competency frameworksDzwigol et al. (2020)
Management competencies of nurse managersNurse managersTechnical, human and conceptual skills are essential for nursing managementBoth frameworks elaborate on the technical and conceptual skills of managersOfei et al. (2020)
Project managers’ competencies frameworkProject managersDifferent project contexts and different project types need to be considered in determining competenciesThis framework focuses more on behavioural capacities, while SPM emphasises the technical and strategic skills of managersMoradi et al. (2020)
Global management competencies frameworkGeneral managersOrganisational behaviour components, knowledge, skills, abilities and other personality characteristics are the main constructsThis framework focuses on the general management level by conceptualising cross-cultural competence, intercultural sensitivity and cultural intelligence. The SPM framework delves into more specific competencies for strategic managersBücker and Poutsma (2010)
SME marketing management competenciesMarketing managersKnowledge, experience, communication and judgement are among the main contributorsThis framework concentrates onSMEs, while the SPM framework explains the competencies in large holding companiesCarson and Gilmore (2000)
DOI: https://doi.org/10.2478/otmcj-2023-0008 | Journal eISSN: 1847-6228 | Journal ISSN: 1847-5450
Language: English
Page range: 79 - 89
Submitted on: Aug 6, 2022
Accepted on: Jun 29, 2023
Published on: Sep 11, 2023
Published by: University of Zagreb
In partnership with: Paradigm Publishing Services
Publication frequency: 1 issue per year

© 2023 Mahmoud Ershadi, Mohammad Rahimi Moghaddam, Mohammad Ebrahim Raei Ezabadi, published by University of Zagreb
This work is licensed under the Creative Commons Attribution 4.0 License.