ECON 116 Lecture Notes - Lecture 42: Human Resource Management, Dynamic Capabilities, Internal Consistency
Document Summary
Hayton (2003) strategic human capital management in smes: Importance of hcm practices for organizational performance: contributes to the understanding of hrm in the context of smes, entrepreneurial performance is important to firm financial performance and survival. Theoretical perspectives the systems view of hrm and the rbv of the firm. Individual hrm practices = part of a system: the attributes of hrm system are important determinants of organizational effectiveness. Hcm and entrepreneurial performance: utility analysis, human resource accounting, strategic and balanced scorecard accounting, difficulty of estimating the value of employee performance, by focusing hr executives upon costs, hcm can create a disincentive to make long-term. What gets measured gets managed investments in hrm programs: human resource information systems (hris) when used as part of a larger strategic model, Hcm can contribute to hrm effectiveness by improving the speed and quality of decision making: financial hcm practices: historical, cost-based hcm methods.
