Title: Synergies from the human resource management literature and the resources and capacities theory of the firm: implications for management

Authors: Patricia Ordonez de Pablos

Addresses: Department of Business Administration and Accountability, University of Oviedo, Avd. del Cristo, s/n, 33.071 Oviedo, Asturias, Spain

Abstract: Undoubtedly, firms must know that human capital represents a key source of sustained competitive advantage. The goal of this paper is to analyse how strategic human resource management can create a sustainable competitive advantage. First, we analyse the importance of strategic human resource management as a competitive determining element in the actual economic environment. Second, we propose a conceptual framework for human resources analysis, from the point of view of resources and capacities theory of the firm. Finally, we present the main conclusions and implications for human resource management derived from this work.

Keywords: competitiveness; external and internal fit; human capital; human resource management; strategic HRM; organisational strategy; strategic flexibility; competitive advantage; resources; capacities.

DOI: 10.1504/IJHRDM.2004.004774

International Journal of Human Resources Development and Management, 2004 Vol.4 No.3, pp.323 - 334

Published online: 07 Jul 2004 *

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