Competencies for Future Executives and the Powerful Assessment Methods

Abstract

          Executives serve as the primary driving force of the agency under the context of VUCA World that is constantly dependent on various factors. Objectives of the research are to study, analyze, and synthesize the picture of the world of management in the future, the competencies of executives that are consistent with the future landscape of management, and propose methods or tools for evaluating competencies and performance of executives. The research method used in this study is the mixed-method approach. Data were collected through 13 key informants’ in-depth interviews, and survey questionnaires were administered to 345 respondents.

          The results indicate that the future of management will persist within a VUCA world characterized by climate change, geopolitics, population structure, health considerations, technological disruptions, and the concept of clean energy. Executives are expected to possess competencies in leadership, morals and ethics, technology and innovation literacy, change management, business acumen, and strategic prediction. Regarding methods and tools for evaluating competency, most organizations utilize in assessing employee competencies and performance by objective and key results (OKRs), key performance indicators (KPIs) and other competency assessment tools as appropriate.