A competency framework for the business rescue practitioner profession
Orientation: Business Rescue Practitioner (BRP) tasks are complex and involve a wide range of knowledge, tacit skills and experience not accessible to novices. Research purpose: Competencies required by business rescue practitioners (BRPs) to navigate a distressed venture were investigated. What BRP...
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| Format: | Article |
| Language: | English |
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AOSIS
2014-08-01
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| Series: | Acta Commercii |
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| Online Access: | https://actacommercii.co.za/index.php/acta/article/view/227 |
| _version_ | 1819295057500438528 |
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| author | Marius Pretorius |
| author_facet | Marius Pretorius |
| author_sort | Marius Pretorius |
| collection | DOAJ |
| description | Orientation: Business Rescue Practitioner (BRP) tasks are complex and involve a wide range of knowledge, tacit skills and experience not accessible to novices.
Research purpose: Competencies required by business rescue practitioners (BRPs) to navigate a distressed venture were investigated. What BRPs actually ‘do’ during a rescue guided the development of a competency framework to inform future qualification guidelines for BRP education and accreditation.
Motivation for the study: To investigate the research question: ‘What are the competencies that underlie the activities of a business rescue practitioner?’.
Research design, approach and method: A modified ‘interview to the double’ (ITTD) process was used to elicit instructions that a BRP would give to an imaginary ‘double’. These instructions were analysed and rated for importance, transferability, knowledge requirement and skills requirement; in conclusion, these instructions were ranked and subjected to a content analysis.
Main findings: Based on the main activities that were derived from the practices and praxis, one assignment and four supra (higher-level) competencies were consequent to the analysis. A BRP able to successfully navigate a distressed venture towards normal operations should demonstrate a high level of competency in sense-making, decision making and integration, achieved through collaboration as the central competency.
Practical implications: Firstly, the study addresses educators’ need for a framework of competencies to guide education. Secondly, it paves the way for the Regulator to develop a qualifications framework for accreditation.
Contribution: The findings gave structure to the competencies underlying the activities of a BRP to navigate a rescue. Pre-business and financial acumen appears limited without these competencies containing insight, experience, intuition, heuristics, tacit knowledge, perceptive induction and more. |
| first_indexed | 2024-12-24T04:36:10Z |
| format | Article |
| id | doaj.art-e700e3765fc2400197c0621d8d046818 |
| institution | Directory Open Access Journal |
| issn | 2413-1903 1684-1999 |
| language | English |
| last_indexed | 2024-12-24T04:36:10Z |
| publishDate | 2014-08-01 |
| publisher | AOSIS |
| record_format | Article |
| series | Acta Commercii |
| spelling | doaj.art-e700e3765fc2400197c0621d8d0468182022-12-21T17:15:11ZengAOSISActa Commercii2413-19031684-19992014-08-01142e1e1510.4102/ac.v14i2.227199A competency framework for the business rescue practitioner professionMarius Pretorius0Department of Business Management, University of PretoriaOrientation: Business Rescue Practitioner (BRP) tasks are complex and involve a wide range of knowledge, tacit skills and experience not accessible to novices. Research purpose: Competencies required by business rescue practitioners (BRPs) to navigate a distressed venture were investigated. What BRPs actually ‘do’ during a rescue guided the development of a competency framework to inform future qualification guidelines for BRP education and accreditation. Motivation for the study: To investigate the research question: ‘What are the competencies that underlie the activities of a business rescue practitioner?’. Research design, approach and method: A modified ‘interview to the double’ (ITTD) process was used to elicit instructions that a BRP would give to an imaginary ‘double’. These instructions were analysed and rated for importance, transferability, knowledge requirement and skills requirement; in conclusion, these instructions were ranked and subjected to a content analysis. Main findings: Based on the main activities that were derived from the practices and praxis, one assignment and four supra (higher-level) competencies were consequent to the analysis. A BRP able to successfully navigate a distressed venture towards normal operations should demonstrate a high level of competency in sense-making, decision making and integration, achieved through collaboration as the central competency. Practical implications: Firstly, the study addresses educators’ need for a framework of competencies to guide education. Secondly, it paves the way for the Regulator to develop a qualifications framework for accreditation. Contribution: The findings gave structure to the competencies underlying the activities of a BRP to navigate a rescue. Pre-business and financial acumen appears limited without these competencies containing insight, experience, intuition, heuristics, tacit knowledge, perceptive induction and more.https://actacommercii.co.za/index.php/acta/article/view/227Business rescue practitioners, turnaround, competency, qualifications, profession, framework. |
| spellingShingle | Marius Pretorius A competency framework for the business rescue practitioner profession Acta Commercii Business rescue practitioners, turnaround, competency, qualifications, profession, framework. |
| title | A competency framework for the business rescue practitioner profession |
| title_full | A competency framework for the business rescue practitioner profession |
| title_fullStr | A competency framework for the business rescue practitioner profession |
| title_full_unstemmed | A competency framework for the business rescue practitioner profession |
| title_short | A competency framework for the business rescue practitioner profession |
| title_sort | competency framework for the business rescue practitioner profession |
| topic | Business rescue practitioners, turnaround, competency, qualifications, profession, framework. |
| url | https://actacommercii.co.za/index.php/acta/article/view/227 |
| work_keys_str_mv | AT mariuspretorius acompetencyframeworkforthebusinessrescuepractitionerprofession AT mariuspretorius competencyframeworkforthebusinessrescuepractitionerprofession |