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The effect of business strategies and HRM policies on organizational performance: The Greek experience
Author(s) -
Katou Anastasia A.,
Budhwar Pawan S.
Publication year - 2008
Publication title -
global business and organizational excellence
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.227
H-Index - 16
eISSN - 1932-2062
pISSN - 1932-2054
DOI - 10.1002/joe.20235
Subject(s) - simultaneity , business , human resource management , affect (linguistics) , organizational performance , sample (material) , manufacturing sector , human resources , quality (philosophy) , knowledge management , marketing , industrial organization , business administration , management , economics , psychology , computer science , labour economics , chemistry , physics , philosophy , communication , epistemology , classical mechanics , chromatography
This article investigates the relationship between simultaneity in decisions regarding business strategies and human resource management (HRM) policies and their impact on organizational performance. The research is based on a sample of 178 organizations operating in the Greek manufacturing sector. The results of this study support the hypothesis that when business strategies and HRM policies are developed simultaneously, they positively affect organizational performance. This is more valid for decisions taken simultaneously with respect to quality and employee development, innovation and employee rewards and relations, and cost and employee resourcing. © 2008 Wiley Periodicals, Inc.