Shrm

The Graduate Management Review SHRM Best-Practices & Sustainable Competitive Advantage: A Resource-Based View Hamish G. H. Elliott * Abstract Three dominant perspectives have emerged within strategic HRM: the Universalistic, Contingency, and Configurational perspectives. The Universalistic perspective, as espoused particularly by Pfeffer (1994a; 1995; Pfeffer & Veiga, 1999), proposes that a universal set of HRM best practices can be diligent to attain and sustain combative advantage. Using the principles of the Resource-Based View of competitive advantage, this paper critiques the universalistic perspective and proposes that HR practices cannot by themselves be a source of sustained competitive advantage, as it is close to impossible for HR practices to be rare, inimitable, and non-substitutable. Instead, the Configurational perspective is proposed as a more theoretically valid and tenable prelude to strategically managing human resources for sustainable competitive advantage. This is because the Configurational onward motion promotes a system of HR practices that are customised to suit a particular firms competitive strategies, and internal practices, policies, and resources it provides both(prenominal) vertical and horizontal fit.

It is also found that human swell is the foundation of HRM and competitive advantage. Over the last twenty years the field of human resource (HR) management has undergone immense paradigmatic growth and broadening by popular interest from both faculty members and practitioners (Delery & Doty, 1996; Wright, McMahan, & McWilliams, 1994). In effect, what were micro-perspective personnel management practices have transformed into a macro or strategic perspective by academic desire to demonstrate the importance of human resource practices for organisational surgical operation (Delery & Doty, 1996). The basic premise underlying what is termed strategic human resource management (SHRM), is that for competitive advantage, firms pursuing a particular strategy... If you command to get a full essay, order it on our website: Ordercustompaper.com

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