Development of leadership competency framework for board of management members in private enterprises using a delphi method
Speaking of "business leaders", we often
think of the leader as a business owner, board
chairman or chief executive officer. However,
when the market trend is continuously
developing with new technologies and methods,
corporate governance is also changing. The role
of the board of management is growing,
critically influencing the development of the
business. The competitiveness of enterprises is
determined by the quality of the board of
management [1]. Successful businesses focus
on competency building for the board of
management in the present and future [2-4].
The period 2015-2016 marked an
international integration of Vietnam's economy
with a series of trade agreements were signed.
According to the trend of international
economic integration, business leaders need to
see their business as a "commitment" instead of
"short-lived opportunities" as before, since the
mission of the business is associated with the
management model and the execution of tasks
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Tóm tắt nội dung tài liệu: Development of leadership competency framework for board of management members in private enterprises using a delphi method
VNU Journal of Science: Policy and Management Studies, Vol. 32, No. 1 (2016) 79-94 79 Development of Leadership Competency Framework for Board of Management Members in Private Enterprises Using a Delphi Method Hồ Như Hải1,*, Đỗ Vũ Phương Anh2 VNU Vietnam Japan University, 144 Xuân Thủy, Cầu Giấy, Hanoi, Vietnam VNU University of Economics and Business, 144 Xuân Thủy, Cầu Giấy, Hanoi, Vietnam Received 18 February 2016 Revised 8 March 2016; Accepted 16 March 2015 Abstract: There are many methods to develop leadership competency framework but none can be consider perfect as there are pros and consto of each method. The purpose of this paper is to present the use of Delphi method to develop leadership competency framework for members of the board of management in private enterprises. The Delphi method is a qualitative research approach used to obtain a consensus of opinion of the group of experts using questionnaires. The Delphi research was conducted based on the initial list of 27 leadership competencies collected from multinational corporations. After the third round of the Delphi research, the developed competency frameworks for chief executive officer, chief people officer, chief customer officer, chief financial officer, chief marketing officer and chief information officer using the Delphi method are valid and reliable. Each competency framework contains the 12 most important competencies to the board of management member out of the initial list of 27 leadership competencies. Keywords: leadership competency framework, members of the board of management, private enterprises, Delphi method. 1. Introduction∗ Speaking of "business leaders", we often think of the leader as a business owner, board chairman or chief executive officer. However, when the market trend is continuously developing with new technologies and methods, corporate governance is also changing. The role of the board of management is growing, critically influencing the development of the business. The competitiveness of enterprises is _______ ∗Corresponding author. Tel.: 84-983292403 Email: haihn@vnu.edu.vn determined by the quality of the board of management [1]. Successful businesses focus on competency building for the board of management in the present and future [2-4]. The period 2015-2016 marked an international integration of Vietnam's economy with a series of trade agreements were signed. According to the trend of international economic integration, business leaders need to see their business as a "commitment" instead of "short-lived opportunities" as before, since the mission of the business is associated with the management model and the execution of tasks H.N. Hải, Đ.V.P. Anh/ VNU Journal of Science: Policy and Management Studies, Vol. 32, No. 1 (2016) 79-94 80 in the new context. Today's market is no longer a domestic market with nearly 100 million people; it is now an ASEAN common market with over 600 million people and a common market with 12 countries in the TPP blocks. That means Vietnamese private enterprises are starting to compete in the world's largest free trade area (accounting for nearly 40% of global GDP)1. In this context, awareness of the impact of international factors is key in the process of transformation of the Vietnamese private enterprises to be able to compete effectively in the global context. The spreading process of diversity, complexity and dynamism, which are the characteristic elements of the international business environment, when moving to the domestic environment it requires leadership competency development [5]. In this process there exists a gap between the capacity to implement the business strategy at the international level with the competency of the board of management to meet that [6]. To identify this gap, a possible solution is to use a competency framework. The effectiveness when applying this framework depends on the suitability and reliability of the framework itself. However, to build such a model is always a challenge to Vietnamese private enterprises for there are a lot of competencies that are difficult to measure and does not express explicitly. 2. Literature review 2.1. Board of management Board of management is the subject which is now attracting the attention of many scholars and researchers. Typical research directions in recent years can be cited as the contribution of the board of management in planning and implementing strategies [7], the relationship _______ 1 lobal-trade-graphics between the size of the board of management and the results of business activity [8], the relationship between the diversity of the board of management (in terms of education, age, gender, nationality, experience, etc.) and results of operations of the enterprises [7, 9]. Therefore who or which title ... ource: Authors (2015) 5. Conclusion By adopting Delphi methods, the authors proposed leadership competency frameworks for the board of management members in private enteprises, including chief executive officer, chief human resources officer, chief financial officer, chief customer officer, chief marketing officer, chief product officer, chief supply chain officer and chief information officer. Each competency framework contains the 12 most important competencies to the board of management member according to the point of views of Delphi research members. Some competencies appear in more than 6 out of 8 competency frameworks such as Global and strategic vision, Building the market, Domain expertise, Networking, Team H.N. Hải, Đ.V.P. Anh / VNU Journal of Science: Policy and Management Studies, Vol. 32, No. 1 (2016) 79-94 91 development and Problem solving. These competencies must be considered as core competencies of the board of management in private enterprises. Scientifically, this research has two new contributions. Firstly, the development of leadership competency framework adopting the Delphi’s method has the relevance and reliability. Secondly, the research developed competency frameworks for the board of management members of private enterprises while other previous researches focused on leadership competency framework development for a single member such as chief executive officer. This contributed to the current trend of research in team leadership. Practically, competency frameworks of the board of management members could be used as a tool to develop and implement human resource policies and leadership development programs in private enterprises. However, this research has limitations. 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(1998), Non-parametric statistics for the behavioral sciences, New York, NY: McGraw-Hill [73] Schmidt, R. (1997). Managing Delphi surveys using non-parametric statistical techniques, Decision Sciences, 28(3), 763-774 H.N. Hải, Đ.V.P. Anh/ VNU Journal of Science: Policy and Management Studies, Vol. 32, No. 1 (2016) 79-94 94 Xây dựng khung năng lực lãnh đạo cho Ban điều hành doanh nghiệp tư nhân sử dụng phương pháp Delphi Hồ Như Hải1, Đỗ Vũ Phương Anh2 1Trường Đại học Việt Nhật, ĐHQGHN, 144 Xuân Thủy, Cầu Giấy, Hà Nội, Việt Nam 2Trường Đại học Kinh tế, ĐHQGHN, 144 Xuân Thủy, Cầu Giấy, Hà Nội, Việt Nam Tóm tắt: Có nhiều phương pháp xây dựng khung năng lực lãnh đạo nhưng không phương pháp nào là tối ưu do đều có ưu điểm và hạn chế. Bài báo này giới thiệu ứng dụng phương pháp Delphi vào nghiên cứu khung năng lực lãnh đạo của ban điều hành doanh nghiệp ngoài quốc doanh Việt Nam. Đây là một phương pháp định tính nhằm đạt được sự đồng thuận của nhóm nghiên cứu bằng cách sử dụng các bảng hỏi. Phương pháp Delphi được áp dụng kết hợp với danh mục 27 năng lực lãnh đạo doanh nghiệp được tổng hợp từ các nghiên cứu lý thuyết và thực tiễn tại một số công ty đa quốc gia. Kết quả nghiên cứu là khung năng lực của các vị trí giám đốc điều hành, giám đốc nhân sự, giám đốc tài chính, giám đốc bán hàng, giám đốc marketing và giám đốc thông tin có độ tin cậy cao. Mỗi khung năng lực gồm có 12 năng lực quan trọng nhất theo vị trí được lựa chọn từ danh mục 27 năng lực ban đầu. Từ khóa: Khung năng lực lãnh đạo, thành viên của Hội đồng quản trị, doanh nghiệp tư nhân, phương pháp Delphi.
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