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HR practices or HR capabilities: which matters? Insights from the Asia Pacific region
Author(s) -
Park Hyeon Jeong,
Gardner Timothy M.,
Wright Patrick M.
Publication year - 2004
Publication title -
asia pacific journal of human resources
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.825
H-Index - 33
eISSN - 1744-7941
pISSN - 1038-4111
DOI - 10.1177/1038411104045394
Subject(s) - competitor analysis , business , human resource management , human resources , competition (biology) , organizational behavior and human resources , agile software development , asia pacific , resource (disambiguation) , knowledge management , environmental resource management , organizational performance , marketing , management , economics , international trade , computer science , ecology , computer network , biology
In the human resource management literature there is an ongoing debate about which is the key organizational resource: human resource (HR) practices or HR capabilities. Our study attempts to address this debate by examining which resource HR executives in the Asia‐Pacific region find to be important for the future organizational and people needs of their firms. Results indicate that HR capabilities are central to organizations. Development of core competencies, agile organizations, and effective management of human resources will be pivotal to responding effectively to future business needs. Results also indicate that the lingering effects of the Asian financial crisis and competition from local and global competitors will affect organizational and people management in the years to come. These findings inform HR practitioners and shed light on the application of the resource‐based view of the firm to the study of human resource management.