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The influence of professional competencies on the economic condition of the organizations in the mechanical engineering sector in Bulgaria

Author

Listed:
  • Milena TEPAVICHAROVA

    (Higher School of security and economy, Plovdiv, Bulgaria)

  • Ludmila ALEKSEJEVA

    (Daugavpils University, Daugavpils, Latvia)

Abstract

The technological changes, under the influence of scientific and technological progress and trends in the mechanical engineering, inevitably lead to modifications in the characteristics of the existing jobs and the creation of new such with other characteristics. Therefore, regardless of the depth and speed of the changes in the technological facilities for production, ever more important for the efficiency in most machine-building enterprises will be the qualities and skills of the workforce in the coming years. Modifications in the parameters and organization of the workplaces will change the content of the tasks and as a consequence, will alter the vocational qualification requirements for the employed. In this sense, the development of the professional competencies is an important internal reserve for the economic growth of the organization. The purpose of this article is to analyze the status and development of the professional competencies of the labor force in the mechanical engineering sector, and to evaluate their role in improving the economic situation in the business organizations in Bulgaria.

Suggested Citation

  • Milena TEPAVICHAROVA & Ludmila ALEKSEJEVA, 2020. "The influence of professional competencies on the economic condition of the organizations in the mechanical engineering sector in Bulgaria," Access Journal, Access Press Publishing House, vol. 1(1), pages 61-71, May.
    • Handle: RePEc:aip:access:v:1:y:2020:i:1:p:61-71
    DOI: 10.46656/access.2020.1.1(5)
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    References listed on IDEAS

    as
    1. Karim Naama, 2001. "International Movement of Foreign Direct Investments," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 81-92.
    2. Karim Naama, 2010. "Evaluation of the Privatization Program in Arab Republic of Egypt," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 118-149.
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      More about this item

      Keywords

      development; innovations; technological and economical trends; professional competencies; mechanical engineering; economic condition; economic opportunities;
      All these keywords.

      JEL classification:

      • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
      • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
      • O39 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Other
      • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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