Prioritizing the core competencies by TOPSIS method in Foolad Techniqe Co
journal contributionposted on 2023-05-20, 22:35 authored by Sonia Sadeghian EsfahaniSonia Sadeghian Esfahani, Soltani, I, Jafarpisheh, J
Recognizing strength and weakness of organization and thereby, doing strategic planning based on them against opportunities and threats, can provide safety to organization in competitive environment. Due to sharing of major resources and assets that belong to competitor companies, each organization should understands its core competencies and base them as cores of gaining competitive advantage in order to catch profitability and go ahead. So, in this research we try to rank core competencies of Foolad Co. based on 7 indices by using TOPSIS method from Multi criteria decision methods. First, managers and supervisors measure 90 listed competencies according to relative power and strategic importance indices based on Saati spectrum, where 42 core competencies by higher than score 5 in all two indices, are extracted and then 45 members of experts, scored them according to 5 indices in another phase based on Saati spectrum. Then, total table includes 42 components and 7 indices along mean scores of each component in each index, considered as ranking base. From multi criteria decision methods, TOPSIS technique was selected according to experts’ choice, and inter-weight of indices was computed using Shanon entropy method. TOPSIS method showed that based on 7 given indices, competencies of Foolad Technique Co. are prioritized as follows: 1- Creativity and thinking; 2- R&D activity; 3- Flexibility; 4- Continuous quality; 5- Control; 6- High level of organizational emotion- number of experts; 7- Customer-relation management; 8- Rapid response to environmental conditions and recognizing competitors; 9- High-technology; 10- Competency-based training; 11- Attract/keeping customer; 12- Forecasting- quality standards; 13- Genius management- venturing; 14- Invention patent; 15- Organizational intelligence; 16- Productivity- integration of dense organizational data; 17- Jo cycling-production diversity; 18- Safe working; 19- Fixing system; 20- Business process alignment-trained personnel - sense organizational dependency; 21- value chain management; 22- recommendation system; 23- information system flexibility; 24- timely production; 25- data production; 26- coaching - Six sigma method running; 27- desired market share; 28- financial power; 29- personnel loyalty; 30- providers’ technical knowledge.
Publication titleInternational Journal of Economy, Management and Social Sciences
Department/SchoolSchool of Information and Communication Technology
Place of publicationKenya
Rights statementCopyright 2013 Int. j. econ. manag. soc. sci. Licensed under Creative Commons Attribution-NonCommercial 3.0 Unported (CC BY-NC 3.0) https://creativecommons.org/licenses/by-nc/3.0/