Power-knowledge: How the corporate strategy will be competitive in the future?

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Abstract

Environmental changes require resources that are able to adapt. This condition requires a special strategy to remain competitive. This can be realized from real resources and employee skills that match market needs (Dubey et al., 2019). Therefore, continuous training is the “way” to face business scenarios (Santana-Domínguez et al., 2022). So, employee training is the best solution to maintain company sustainability. This study aims to explore the importance of training to maintain the stability of the company’s future. This research is qualitative research with in-depth interviews as the main data collection method. The analytical method uses Foucault’s (1980) power-knowledge with three main focuses as a tool for data reduction, namely sharing, generating and using knowledge. The results of the study show that training is important to be carried out by companies due to three main reasons, namely training as a place to transfer knowledge, training to produce employee/company performance, and training as an inseparable part of the company’s sustainability process. In addition, the results show that continuous learning is a necessity that must be carried out to deal with environmental change. It is important to know that everything will change except the change itself. The next research approach is to examine the training section with a quantitative approach.

Keywords: Power-Knowledge, Foucault, Training, Learning, Employee Capital, Competitive

Authors’ individual contribution: Conceptualization — T. and A.J.; Methodology — T.; Investigation — T., A.J., and P.; Resources — T., A.J., P., A.I., and A.A.; Writing — Original Draft — T. and A.J.; Supervision — T.; Funding Acquisition — A.J., P., A.I., and A.A.

Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

JEL Classification: D80, G40, M51, M53, M54

Received: 20.07.2023
Accepted: 23.08.2024
Published online: 27.08.2024

How to cite this paper: Tasrim, Jayanti, A., Pahmi, Irfan, A., & Alim, A. (2024). Power-knowledge: How the corporate strategy will be competitive in the future? Corporate & Business Strategy Review, 5(4), 43–52. https://doi.org/10.22495/cbsrv5i4art4