An analysis on the relation between Strategic Knowledge Management and Talent Management Strategy in Profitability of the Southern Khorasan Electric Distribution Company (SKEDC)

Abstract

Scientific and technological advances together with the increase in human knowledge have highlighted the essence of applying knowledge and utilizing talents to attain the organizational goals. Also, the close bond between knowledge and talent with organizational strategy will be essential for obtaining the competitive advantage, sustainability, value creation, profitability, and having a successful brand within the national and international levels. Therefore, this study aims to establish an association between Strategic Knowledge Management and Talent Management Strategy with Profitability at the Southern Khorasan Electric Distribution Company (SKEDC). As a private company, the SKEDC will need to focus on the optimal use of intangible resources for gaining profitability and productivity in order to cover the expenditures and take the responsibility against its customers. Moreover, the statistical population contains 163 people with higher diploma, bachelor, and master degrees from which 115 people have been selected as sample size based upon the Krejcie & Morgan Table, and questionnaires were distributed among them. Furthermore, the Structural Equation Modeling (SEM) as well as Lisrel Software was utilized for analyzing the data, and subsequently, it was specified that Strategic Knowledge Management and Talent Management Strategy have a positive impact on Profitability at the above-mentioned company.