The Key Managerial Competencies Tendencies Application in the Business Environment in Slovakia within the Context of Industry 4.0

Abstract

INTRODUCTION: With the arrival of the Fourth Industrial Revolution, the business environment in Slovakia, as well as abroad, determines enormous increase in the number and intensity of changes. In order to remain competitive, it is necessary to respond adequately to this situation. The key to the survival in such environment is the preparation of businesses, and especially the available managers to these changes. OBJECTIVES: In this paper, the authors of the paper focus on identifying the tendencies of applying selected key managerial competencies, such as a strategic approach to human resources development, effective in-formation sharing or management engagement in the creation of the business innovative organizational culture, within the businesses operating in Slovakia over the past five years. METHODS: Several research statistical methods were used to achieve the aim of the paper. A questionnaire with 90 questions focused on formal human resource management issues was used. RESULTS: In the overall assessment of the key managerial competencies analysis, such as the strategic approach to human resources development, effective information sharing or engagement in the creation of innovative organizational culture in enterprises operating in Slovakia over the past five years, a positive trend can be observed. CONCLUSION: In order to remain competitive, it is necessary to respond adequately to changes of situation. The key to the survival in such environment is the preparation of the managers to these changes. Results point to a positive trend and hope that the unflattering situation of managers’ preparation to the beginnings of the Fourth Industrial Revolution will improve in the future.