Abstract
This study aims to clarify the impact of functional competencies on the firm performance of the Jordanianpharmaceutical manufacturing companies, by using competencies framework (marketing competencies, researchand development competencies, information system competencies, production competencies and humanresources competencies). To address these issues, a field survey of 17 pharmaceutical manufacturing companiesin Jordan was conducted with the use of structured questionnaires, data was gathered by sample consists of theJordanian pharmaceutical manufacturing companies' managers. A total of 85 questionnaires were distributed topharmaceutical manufacturing companies and 62 surveys were returned back at gross response rate of 72.94%.Various data analysis procedures were applied to test the hypothesis such as: descriptive statistics, simpleregressions, and multiple regressions. Findings showed that there is a significant impact of the functionalcompetencies on the firm performance, and explains (57.6%) of the variation in firm performance from thesample point view. Also, results showed that production competencies, research and development competencies,and marketing competencies have the most impact on the firm performance.
Highlights
Current age is witnessing many rapid developments and changes on the economic, industrial, technological and human world, companies aspiring to meet the challenges of today’s rapidly changing markets and increasing competition, require to find a competitive advantage that could lead their companies to a better performance than competitors, or at least, to some sort of benefits that satisfy ownership, shareholders, customers or any stakeholder in general
This study aims to clarify the impact of functional competencies on the firm performance of the Jordanian pharmaceutical manufacturing companies, by using competencies framework
This study focus on five key functional competencies, i.e. marketing, research & development, information systems, production and human resources competencies, the researcher hypothesize that these five functional competences have a positive significant impact on firm performance assuming that they have the potential for producing competitive advantage
Summary
Current age is witnessing many rapid developments and changes on the economic, industrial, technological and human world, companies aspiring to meet the challenges of today’s rapidly changing markets and increasing competition, require to find a competitive advantage that could lead their companies to a better performance than competitors, or at least, to some sort of benefits that satisfy ownership, shareholders, customers or any stakeholder in general. Campion et al (2011) aimed to present a set of best practices for competency modeling based on the experiences and lessons learned from the major perspectives. They defined competency models, and their key advantages are explained. Result showed that competency models explain the nature of effective performance in an organization. They describe what really matters in terms of job performance and how to be successful. They are much more than list of Knowledge, Skills, Abilities and other characteristics that result from job
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