The role of companies in developing new competencies

Changes are normal and welcomed in business, but not many companies know how to cope with them and turn them into opportunities. This is largely due to the fact that companies have never before witnessed so many changes and disruptions in business as they do today. This lack of experience is the key reason why companies fail to adapt to changes. Most notably changes are occurring from increased competition and rapidly changing environment that companies do not know how to respond to. The transition to climate-neutral society will be rapid and intense. In order to successfully cope with these changes, company managers should grow more tolerant of their employees and more decisive in their actions. Companies should take responsibility and ensure a smooth and successful transition, in line with new EU guidelines. Various factors will lead to the restructuring of human resources structures, as evidenced by this paper which defines the role of companies in creating new competencies. In this paper, there are also chapters that discuss the challenges that the companies in the energy sector are facing in terms of human resources as they are trying to achieve this transition.