Competency and Strategy Formulation in Automobile Industry

Authors: Chandan Deep Singh

Abstract:

In present days, companies are facing the rapid competition in terms of customer requirements to be satisfied, new technologies to be integrated into future products, new safety regulations to be followed, new computer-based tools to be introduced into design activities that becomes more scientific. In today’s highly competitive market, survival focuses on various factors such as quality, innovation, adherence to standards, and rapid response as the basis for competitive advantage. For competitive advantage, companies have to produce various competencies: for improving the capability of suppliers and for strengthening the process of integrating technology. For more competitiveness, organizations should operate in a strategy driven way and have a strategic architecture for developing core competencies. Traditional ways to take such experience and develop competencies tend to take a lot of time and they are expensive. A new learning environment, which is built around a gaming engine, supports the development of competences in specific subject areas. Technology competencies have a significant role in firm innovation and competitiveness; they interact with the competitive environment. Technological competencies vary according to the type of competitive environment, thus enhancing firm innovativeness. Technological competency is gained through extensive experimentation and learning in its research, development and employment in manufacturing. This is a review paper based on competency and strategic success of automobile industry. The aim here is to study strategy formulation and competency tools in the industry. This work is a review of literature related to competency and strategy in automobile industry. This study involves review of 34 papers related to competency and strategy.

Keywords: Competency, competitiveness, manufacturing competency, strategic formulation.

Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1316839

References:

[1] Bulak, Muhammet Enis; Turkyilmaz, Ali; (2014) "Performance assessment of manufacturing SMEs: a frontier approach", Industrial Management & Data Systems, Vol. 114 Iss: 5, pp.797 – 816
[2] Cardy, R. L., & Selvarajan, T. T. (2006). Competencies: Alternative frameworks for competitive advantage. Business Horizons.
[3] Chaiprasit, Sasiprapa & Swierczek, Fredric William (2011), “Competitiveness, Globalization and technology development in Thai firms”, Competitiveness Review: An International Business Journal, Vol. 21 No. 2, pp. 18
[4] Dangayach G.S., Pathak S.C., and Sharma A.D. (2006), ‘Advanced Manufacturing Technology: A Way of Improving Technological Competitiveness’, International Journal of Global Business and Competitiveness, Vol. 2, No. 1, pp. 1-8
[5] Demeter, Krisztina (2002) ‘Manufacturing strategy and competitiveness (International Journal of Production Economics’, Elsevier Science B.V, pp. 205–213.
[6] Dutta, Sanjib K. (2007) ‘Enhancing competitiveness of India Inc. International Journal of Social Economics’, Emarald Group Publishing Limited, Vol. 34 No. 9, pp 679-711.
[7] Fernández-Mesa, Anabel; Ferreras-Méndez, José Luis; Alegre, Joaquin; Chiva, Ricardo; (2014) "IT competency and the commercial success of innovation", Industrial Management & Data Systems, Vol. 114 Iss: 4, pp. 550 – 567
[8] Hunag, Kuo-Feng (2011), Technological Competencies in Competitive Environment, Journal of Business Research, Vol. 64, Issue 2, Page 172-179
[9] Jones, Peter; and Parker, Alan; (2004): Strategy execution and implementation— achieving strategic goals through operations. Vol 42. pp.341-348.
[10] Khamba, JS; Singh, CD and Singh H (2013), “Exploring Manufacturing Competencies of Car Manufacturing Unit”, International Conference on Advancements and Futuristic Trends in Mechanical and Materials Engineering, (October 3-6, 2013), pp: 88-97.
[11] Levinthal, D.A. and March, J.G. (1993). ‘The myopia of learning’, Strategic Management Journal, Vol. 14, No. S2 (Special No.: Organizations, Decision Making and Strategy), pp. 95-112.
[12] Nicolin, C. (1983), ‘The Power of Competency in Industrial Development’, Technology in Society, Vol. 5, No. 3-4, pp. 167-170
[13] Nuntamanop, Polboon; Kauranen, Ilkka & Igel, Barbara (2013), “A new model of strategic thinking competency”, Journal of Strategy and Management, Vol. 6 No. 3, pp. 242-264
[14] Ryan, Geoff; Spencer, Lyle M. & Bernhard, Urs (2012), “Development and validation of a customized competency-based questionnaire Linking social, emotional, and cognitive competencies to business unit profitability”, Cross Cultural Management, Vol. 19 No. 1, pp. 90-103
[15] Sahoo , Tapan; Banwet , D. K. & Momaya, K. (2011), “Strategic technology management in the auto component industry in India A case study of select organizations”, Journal of Advances in Management Research, Vol. 8 No. 1, pp. 9-29
[16] Sharma, Monica; and Kodali, Rambabu; (2008) ‘Development of a framework for manufacturing excellence’, Measuring Business Excellence, Emerald Group Publishing Limited, vol 12 no. 4 , pp 50-66.
[17] Singh, CD; and Khamba, JS (2014), “Analysis of Manufacturing Competency for an Automobile Manufacturing Unit”, International Journal of Engineering, Business and Enterprise Applications, Vol. 9, Issue 1, June-August 2014, pp: 44-51.
[18] Singh, CD; and Khamba, JS (2014), “Analysis of Strategic Success for an Automobile Manufacturing Unit”, International Journal of Engineering, Business and Enterprise Applications, Vol. 9, Issue 2, June-August 2014, pp: 104-111.
[19] Singh, CD; and Khamba, JS (2014), “Evaluation of Manufacturing Competency factors on performance of an Automobile Manufacturing Unit”, International Journal for Multi-Disciplinary Engineering and Business Management, Volume-2, Issue-2, June-2014, pp: 4-16.
[20] Singh, CD; and Khamba, JS (2014), “Evaluation of Strategic Success factors on performance of an Automobile Manufacturing Unit”, International Journal of Engineering Research& Management Technology, Volume-1, Issue-4, July-2014, pp: 144-157.
[21] Singh, CD; Khamba, JS; Singh S, and Singh N (2014), “Exploring Manufacturing Competencies of a Tractor Manufacturing Unit”, International Journal of Applied Studies, Volume: 1, Issue: 1, Jan 2014, pp: 53-62.
[22] Singh, CD; Singh, P; and Khamba, JS (2014), “To study the role of manufacturing competency in the performance of Preet Tractor Manufacturing Unit”, International Journal for Multi-Disciplinary Engineering and Business Management, Volume-2, Issue-2, June-2014, pp: 4-7
[23] Singh, CD; Singh, P; and Khamba, JS (2014), “To study the role of manufacturing competency in the performance of Sonalika Tractor Manufacturing Unit”, International Journal of Engineering, Business and Enterprise Applications, Vol. 8, Issue 1, March-May., 2014, pp. 62-66
[24] Singh, CD; and Khamba, JS (2015), “Competency Strategy Model Analysis using SEM”, International Journal for Multi-Disciplinary Engineering and Business Management, Volume-3, Issue-3, July-2015, pp: 37-41.
[25] Singh, CD; and Khamba, JS (2015), “AHP Analysis of Manufacturing Competency and Strategic Success Factors”, International Journal in Applied Studies and Production Management, Volume-1, Issue-2, May-August 2015, pp: 357-373.
[26] Singh, CD; and Khamba, JS (2015), “Manufacturing Competency & Economic Effects: A Review”, Journal of Emerging Trends in Engineering, Science and Technology, Vol. 3, No. 2, September 2015, pp: 16-20
[27] Singh, CD; and Khamba, JS (2015), “Technological Competency & Strategic Management: A Review”, Journal of Emerging Trends in Engineering, Science and Technology, Vol. 3, No. 2, September 2015, pp: 21-26
[28] Singh, CD; and Khamba, JS (2015), “Competency Development through Strategic Management”, International Journal for Multi-Disciplinary Engineering and Business Management, Volume-3, Issue-3, September 2015, pp: 129-132.
[29] Singh, CD; Khamba, JS and Kaur H (2015), “Exploring Manufacturing Competency and Strategic Success: A Review”, 2nd International Conference on Production & Industrial Engineering 2015 proceedings, 13 (3) (2015), pp: 1655-1658.
[30] Singh, CD; Khamba, JS; Singh, R and Singh, N (2014), “Exploring Manufacturing Competencies of a Two Wheeler Manufacturing Unit”, 27th International Conference on CAD/CAM, Robotics and Factories of the Future 2014 IOP Publishing IOP Conf. Series: Materials Science and Engineering, 65 (2014), pp: 1-9.
[31] Singh, Rajesh K.; Garg, Suresh K. & Deshmukh, S.G. (2007), “Strategy development for competitiveness: a study on Indian auto component sector”, International Journal of Productivity and Performance Management, Vol. 56 No. 4, pp. 285-304
[32] Singh, Rajesh K.; Garg, Suresh K. & Deshmukh, S.G. (2008), “Competency and performance analysis of Indian SMEs and large organizations An exploratory study”, Competitiveness Review: An International Business Journal, Vol. 18 No. 4, pp. 308-32
[33] Steptoe-Warren, Gail; Howat, Douglas & Hume, Ian (2011), “Strategic thinking and decision making: literature review”, Journal of Strategy and Management, Vol. 4 No. 3, pp. 238-250
[34] Zhi-Yu, W., Yan-Lin, Q. and Shi-He, G. (2006), ‘Quality Competence : a Source of Sustained Competitive Advantage’, The Journal of China Universities of Posts and Telecommunications, Vol. 13, Issue No. 1, pp. 104-108