Human Resources

Weller, Ingo (2016): Human Resources. In: Augier, Mie und Teece, David J. (eds.) : Palgrave Encyclopedia of Strategic Management. London: Palgrave Macmillan, Springer. pp. 1-5

Abstract

Human resources and the management of human resources (HRM) are critical for the survival, performance and competitive advantage of firms. This entry adopts a strategic perspective about human resources and HRM. It makes a critical distinction between what people have (human capital, a firm resources) and how firms manage the resource (HRM, a firm capability). The value creation process through HRM is then discussed in the light of current approaches to human capital theory and strategic HRM. Finally, some methodological problems relating to the HRM–firm performance linkage are explained.

• Item Type: Encyclopedia article
• Keywords: Human Capital, Human Resource Management, Human Resource Management Practice, Internal Labour Market, Monopoly Rent
• Faculties: Munich School of Management > Institute for Human Capital Management
• Subjects: 300 Social sciences > 330 Economics
• ISBN: 978-1-137-00772-8 (online) ; 978-0-230-53721-7 (print)
• Place of Publication: London
• Language: English