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Gaining competitive advantage through human resource management practices
Author(s) -
Schuler Randall S.,
MacMillan Ian C.
Publication year - 1984
Publication title -
human resource management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.888
H-Index - 94
eISSN - 1099-050X
pISSN - 0090-4848
DOI - 10.1002/hrm.3930230304
Subject(s) - competitive advantage , business , prosperity , human resource management , corporation , human resources , strategic management , resource (disambiguation) , strategic human resource planning , resource based view , marketing , industrial organization , knowledge management , economics , management , strategic planning , computer science , economic growth , computer network , finance
Critical to a corporation's growth and prosperity is gaining and retaining competitive advantage. Although corporations may pursue many paths to this end, one that is frequently not recognized is capitalizing on superior human resource management. Currently, many companies recognize the growing importance of their human resources, but few are conceptualizing them in strategic terms—in ways to gain a competitive advantage. As a result, many companies forego the opportunity to seize competitive advantage through human resource practice initiatives. However, there are a few companies that do not forego the opportunity. We use them as examples to show how to systematically develop such advantages via a “target/thrust matrix.” The end results of this matrix have significant implications for both corporate strategy and personnel and human resource management.