What is Managerial Competencies

Today's business environment is described with volatility, uncertainty, complexity, and ambiguity. In order for organizations to survive in the fourth industrial revolution characterized by continuously changing resulted from digital transformation and technological development, it is critical to identify a vision, to attract qualified human resources, to motivate them, to allocate resources to complete the mission, and to speed activities up to achieve the desired end state. It is of great significance to analyze the organization and create a competency framework to harbor all relevant steps to move the organization further. Therefore, this study aims at drawing attention to competency framework for the Industry 4.0 environment. There is no doubt that a standard competency framework for the fourth revolution may not be proposed. However, as a starting point, a generalized competency framework is proposed as a sample for further conceptual and empirical studies.