Talent Management and Sustainable Competitive Advantage of Manufacturing Firms in South -South, Nigeria
Offiong, Vivian Augustine *
Department of Management, Faculty of Management Sciences, University of Port Harcourt, Nigeria.
E. Amah
Department of Management, Faculty of Management Sciences, University of Port Harcourt, Nigeria.
J. E. O. Oshi
Department of Management, Faculty of Management Sciences, University of Port Harcourt, Nigeria.
*Author to whom correspondence should be addressed.
Abstract
This research purpose is to investigate the correlation between talent management and sustainable competitive advantage in manufacturing firms situated in South-South, Nigeria. The study adopted a cross-sectional survey approach, involving a total of six hundred and eleven (611) employees. A sample size of two hundred and forty-two employees was selected through the simple random sampling technique. Data were collected using questionnaires, and the analysis was conducted using Structural Equation Modeling (SEM). The findings indicated a significant positive relationship between the various dimensions of talent management (specifically, talent development and talent retention) and the indicators of sustainable competitive advantage (including cost leadership and organizational responsiveness). The study concludes that talent management plays a crucial role in driving the sustainable competitive advantage of manufacturing firms in South-South Nigeria. The recommendations include emphasizing the need for manufacturing firms’ management to provide ample development opportunities, such as training, to enhance employees’ skills, thereby contributing to the firm’s differentiation advantage.
Keywords: Chromosomal Alterations - Habitual Aborters, Talent management, Recurrent abortions, talent development, talent retention, sustainable competitive advantage, cost leadership, organizational responsiveness
How to Cite
Downloads
References
Quaye D, Mensah I. Marketing innovation and sustainable competitive advantage of manufacturing SMEs in Ghana. Management Decision. 2018;57(9):1535-1553.
Papula J, Volná J. Core competence for sustainable competitive advantage, Multidisciplinary Academic Research, MAC, Prague; 2013.
Tambunan T. Export-oriented Small and Medium Industry clusters in Indonesia. Journal of enterprising communities: People and places in the Global economy. 2019;3(1):25-58.
Anton SA, Muzakan I, Muhammed WFO, Sudin S, SIdiq NP. An assessment of SME competitiveness in Indonesia. Journal of Competitiveness. 2015;7(2):60-74.
Ifungu AW, Arasa R. Factors influencing competitiveness of SMEs in Nairobi County, Kenya. International Journal of Entrepreneurship and project management. 2017;2(1):22-46.
Ren S, He K, Girshick R, Sun J. Faster r-cnn: Towards real-time object detection with region proposal networks. Advances in neural information processing systems. 2015;28.
Baqutayan SMS. Is talent management important? An overview of talent management and the way to optimize employee performance. Mediterranean Journal of Social Sciences. 2014;5(23): 2290-2295
Ha J. Talent management: what’s it mean? Retrieved on 27 August, 2014; 2006
Available:http://www.reliableplant.com/Read/1632/talent-management.
Olademeji MS, Oladunkanmi AA, Essien EA. Business innovation and competitive advantage in Nigeria manufacturing sector. Emerging Market Journal. 2019;9(2):1-10.
Baridula V, Mekuri-Ndimele JA. The effect of costly–to-imitate capabilities on sustained competitive advantage in manufacturing firms in Nigeria. African Journal of Business and Economic Development. 2021;1(5):16-29.
Hinton J. Sustainable competitive advantage, a myth in the digital age?; 2019.
Retrieved from:https://www.razor.co.uk/blogs/sustainable-competitive advantage-a myth-in-the-digital-age as at 5th February, 2022.
Omhonria OD, Needorn RS. Production capacity improvement and organisational performance of manufacturing firms in Rivers State, Nigeria. International Journal of Advanced Academic Research. 2022; 8(1):13-29.
Umoh GI, Wokocha IH, Amah E. Production planning and corporate productivity performance in the Nigerian manufacturing industry. Journal of Business and Management. 2013;14(2):1–7.
Danese P, Romano P, Formentini M. The Impact of supply chain integration on responsiveness: the moderating effect of using an international supplier network, transportation research part E, Logistics and Transportation Review. 2013;49 (1); 125-140.
Etemad H. The promise of a potential theoretical framework in international entrepreneurship: An entrepreneurial orientation-performance relation in internationalized context, Journal of International Entrepreneurship. 2015;13: 89-95.
Farooq S, O’Brien C. An Action Research Methodology for Manufacturing Technology Selection: A Supply Chain Perspective. Production Planning & Control the Management of Operations. 2015;26(6):467-488.
Kumar M, Charles V. Evaluation of major factors in delivery of service quality of retail banks, Journal of Internal Reliability and Quality Management. 2010;25 (2):210-245.
Ngari JM. Relationship between Intellectual Capital Accounting and Business Performance in Pharmaceutical Firms in Kenya. Jomo Kenyatta University of Agriculture and Technology. Unpublished PhD Thesis; 2012.
Schultz TW. Investment in human capital: The role of education and of research. New York: The Free Press; 1971.
Becker SG. Human capital: A theoretical and empirical analysis, Journal of Political Economy. 1964;70(5):9-42.
Ngobe EK. Information technology: a sustainable competitive advantage trend in Nigerian oil and gas industry. International Journal of Business & Law Research. 2020;8(3):100-108.
Pehrsson A. Firm’s strategic orientation, market context, and performance: Literature review and opportunities for international strategy research, European Business Review. 2016;28(4):378-404.
Porter ME. On Competition, Cambridge MA, USA: Harvard Business School Press; 2008.
Scullion H, Collings DG. (Eds) Global talent management routledges. New York & London; 2011.
Silzer R, Dowell BE. Strategy-Driven Talent Management: A Leadership Imperative. San Francisco, CA: Jossey-Bass; 2010.
Ballesteros RS. Talents: the Key for Successful Organisations; 2010.
Retrieved 25th January, 2022 from:www.https://businessjargons.com/
Sirmon DG, Hitt MA, Ireland RD, Gilbert BA. Resource orchestration to create competitive advantage: Breadth, depth, and life cycle effects. Journal of Management. 2011;37(5):1390-1412.
Woodruff RB. Customer value: The next source for competitive advantage. Journal of the Academy of Marketing Science. 2007;25(2);139-145.
Cunningham NJ. Level of bonding to school and perception of the school environment by bullies, victims, and bully victims. The Journal of Early Adolescence. 2007 Nov;27(4):457-78.
Echols M. Winning the turnover war; 2007.
Retrieved 5th February 2022 from:www.talentmgt.com.
Cappelli P. Management Challenges for the 21st Century. Harvard Business Review. 2008;86(3);74–81.
Vaiman V, Vance CM. Smart talent management: Building knowledge assets for competitive advantage. Edward Elgar Publishing Ltd; 2008.
Mendez F, Stander M. Positive Organisation. The role of leader Behaviour in work engagement and Retention. South African Journal of Industrial Psychology. 2011;37(1):1-13.
Barney JB. Firm resources and sustained competitive advantage. Journal of Management. 1991;17:22-34.
Prahalad CK, Hamel G. The core competence of the corporation. Harvard Business Review. 1990;68(3);82
Rashid F, Taib CA, Yusoff RZ, Ahmad Mohd AH. Human Resources Management Practices and Total Quality Management (TQM) is the Precondition to Gain the Sustainable Competitive Advantage in the Bangladesh Ready-Made Garments Sector, Journal of Economics and Business. 2020;3(l);131-141.
Hitt MA, Ireland RD, Hoskisson RE. Strategic management cases: Competitiveness and globalization. Cengage Learning; 2012.
Donald C, Sanderson K. Excellence in communicating organisational strategy, State University of New York press , New York, USA; 2001.
Coyne KP. Sustainable competitive advantage—What it is, what it isn’t, Business horizons, 1986;29(1):54-61.
Ayaz MQ, Ali A. Wining war for talent: Gaining sustainable competitive advantage through talent management practices: Evidence from selected higher educational institutions in Kabul, Afghanistan, International Journal of Business and Management Sciences. 2021;2(1):14-29.
Moh QA, Ahmad NN. Gaining sustainable competitive advantage through talent management practices: evidence from selected higher educational institutions in kabul, afghanistan. International Journal of Marketing and Human Resource Management. 2021;12(2):42–52.
Al Nsour HI, Tayeh BKA. The impact of talent management on competitive advantage in commercial banks in Jordan from the point of view of banks’ employees. Arab Economic and Business Journal. 2018;13(1):60–72.
Available:https://doi.org/10.1016/j.aebj.2017.06.002
Al-Haraisa YE, Al-Ma’aitah N, Al-Tarawneh K, Abuzaid A. Talent management practices and competitive advantage: Evidence from the Jordanian Insurance Sector. International Journal of Service Science, Management, Engineering, and Technology (IJSSMET). 2021;12(5):102-115.
NasimiyuL T, Kwasira JW. Effect of talent management initiatives on sustainable competitive advantage of SACCOs in Nairobi County, Kenya; 2018.
Ekweozor CU, Obara CE. Worker competence development and organisational responsiveness of selected deposit money banks in Rivers State, Nigeria, International Journal of Innovative Social Sciences & Humanities Research. 2020;8(1);12-19.
Zott C. Dynamic capabilities and the emergence of intra-industry differential firm performance: Insights from a simulation study. Strategic Management Journal. 2003;24(2);116123.
Bayraktar CA, Hancerliogullari G, Cetinguc B, Calisir F. Competitive strategies, innovation, and firm performance: an empirical study in a developing economy environment. Technology Analysis & Strategic Management. 2017;29(1):38- 52.
Kim D, Cavusgil ST, Cavusgil E. Does IT Alignment between Supply Chain Partners Enhance Customer Value Creation, An Empirical Investigation, Industrial Marketing Management. 2013;42(6):880-889.
Carlucci D, Marr B, Schiuma G. The knowledge value chain - how intellectual capital impacts business performance. International Journal of Technology Management. 2004;27(6/7):575-90
Christopher M. Logistics and supply chain management 4th ed. - Great Britain: Pearson Education; 2011.
Mellahi K, Collings DG. The barriers to effective global talent management: The example of corporate elites in MNEs. Journal of World Business. 2010 Apr 1;45(2):143-9.