FORMATION OF A PORTFOLIO OF KEY COMPETENCIES IN THE MANAGEMENT OF ECONOMIC ACTIVITIES Cover Image

FORMATION OF A PORTFOLIO OF KEY COMPETENCIES IN THE MANAGEMENT OF ECONOMIC ACTIVITIES
FORMATION OF A PORTFOLIO OF KEY COMPETENCIES IN THE MANAGEMENT OF ECONOMIC ACTIVITIES

Author(s): Yuliya Vertakova, Maria Klevtsova, Alexander Orlyk
Subject(s): Business Economy / Management, Management and complex organizations, Socio-Economic Research
Published by: Universitatea Tehnică a Moldovei
Keywords: key competencies; procurement; management; competency portfolio; competency profile;

Summary/Abstract: The article shows the methodological aspects of the formation of a portfolio of key competencies in the implementation of the management process. Applied calculations are carried out on the example of procurement management. The system of key competencies of the procurement management process, from our point of view, is a complex of elements interconnected and interacting to achieve sustainable competitive advantage and synergy effect, as well as highlighting the criteria for the development of key competencies of the process under study. The aim of the study is to form a portfolio of key competencies in procurement management. It was revealed that it is the key competencies, in contrast to the potential ones, that will contribute to the effective implementation of the process or the development of the organization. In this regard, it seems appropriate to highlight the factors that influence the formation of key competencies. The features of the selection of the system of key competencies from the set of potential competencies on the basis of economic and mathematical modeling are shown. The authors have developed a matrix "status risk", which is a visualization of the correlation between the status of competence and the level of its problematicity. As a result of the study, a profile of competencies was formed, which allows us to identify, in the future, two main directions of their development: 1) increasing the status of competence by increasing the level of importance; 2) reducing the level of risk due to more effective management. The proposed methodology is universal and allows the formation of key competencies of a company or process.

  • Issue Year: IV/2021
  • Issue No: 4
  • Page Range: 92-102
  • Page Count: 11
  • Language: English