Enhancing Human Capital Security with a Strategic Foresight Capabilities Approach in the Industry

Abstract

The novel concept of human security has been introduced to the global community in recent years, coinciding with a wave of governmental shifts towards adopting new strategies aimed at sustainable development. This was explicitly highlighted in the annual report by the United Nations Development Programme, affecting government policies across seven dimensions: economic, food, health, environmental, personal, community, and political. The effective use of human resources, aimed at fostering the growth and development of core capabilities, is one of the most critical organizational goals and a factor in achieving competitive advantage. This study aims to enhance human capital security through a strategic foresight capabilities approach. The statistical population of this research comprises two groups: management academics and industry managers. Using purposive sampling, 17 academic experts and industry managers were selected as the expert statistical sample. Ultimately, to enhance human capital security with a strategic foresight capabilities approach, the relationship between the components of the two variables, human capital and strategic capabilities, was examined using structural equation modeling. The research results indicated that the organizational strategic foresight capabilities variable includes components of dynamic capabilities, environmental scanning capabilities, strategic selection capabilities, integrative capabilities, and individualistic capabilities. The human capital variable includes components of cognitive ability, behavioral capabilities, and metacognitive competence. Based on the research findings and the analysis of the relationships between the components, it is suggested that organizations should pay more attention to employees' cognitive abilities, behavioral capabilities, and metacognitive competence.