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Talent Risk, Company Agility, and Competitive Advantage in Asian Automotive Industry

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  • Adisak Chandprapalert

    (Graduate School of Commerce, Burapha University)

Abstract

Several Asian countries today face talent risk and talent shortage especially in engineering- and technology-related fields within high-tech industries such as automotive component manufacturing and automobile industry. This situation can lead to the loss of competitiveness and business sustainability. Limited automobile companies have strategies to cope with talent risk, which involves increasing workforce agility and enables the companies to quickly adapt themselves to disruptive changes. Those companies can reduce the impact from negative consequence of people risk. In this context, this study investigated the relationships between talent risk, competitive advantage, and agility in the Asian automotive industry. The data collection was collected from 12 automobile companies in Thailand, Malaysia, and Indonesia. The analysis was delivered in two phases; a quantitative step was the data collected were subjected to confirmatory factor analysis and simple path analysis; and a qualitative step as the results were confirmed through in-depth interviews with executives and managers. The study revealed that talent risk has a positive relationship with competitive advantage and agility mediates the relationship between talent risk and competitive advantage. Our findings imply that the Asian automotive industry should focus on building an agile workforce to reduce the impact of talent risk on competitiveness.

Suggested Citation

  • Adisak Chandprapalert, 2022. "Talent Risk, Company Agility, and Competitive Advantage in Asian Automotive Industry," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 8(6), pages 29-36, September.
    • Handle: RePEc:mgs:ijmsba:v:8:y:2022:i:6:p:29-36
    DOI: 10.18775/ijmsba.1849-5664-5419.2014.86.1003
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    References listed on IDEAS

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    1. Faria Rabbi & Nouman Ahad & Tahira Kousar & Tanzila Ali, 2015. "Talent Management as a Source of Competitive Advantage," Journal of Asian Business Strategy, Asian Economic and Social Society, vol. 5(9), pages 208-214.
    2. Faria Rabbi & Nouman Ahad & Tahira Kousar & Tanzila Ali, 2015. "Talent management as a source of competitive advantage," Journal of Asian Business Strategy, Asian Economic and Social Society, vol. 5(9), pages 208-214, September.
    3. Li, Da-yuan & Liu, Juan, 2014. "Dynamic capabilities, environmental dynamism, and competitive advantage: Evidence from China," Journal of Business Research, Elsevier, vol. 67(1), pages 2793-2799.
    4. Werner Gleißner & Roland Helm & Susanne Kreiter, 2013. "Measurement of competitive advantages and market attractiveness for strategic controlling," Metrika: International Journal for Theoretical and Applied Statistics, Springer, vol. 24(1), pages 53-75, May.
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    More about this item

    Keywords

    Talent management; Talent risk; Agility; Talent supply; Competitiveness;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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