Strategic human capital management in SMEs: An empirical study of entrepreneurial performance

2003 ◽  
Vol 42 (4) ◽  
pp. 375-391 ◽  
Author(s):  
James C. Hayton
Author(s):  
Dipak Kumar Bhattacharyya

The concept of human capital considers people as the most important asset for the growth and sustainability of the organization. Investment in people in the form of training and development, improvement of the quality of work life, support of work life balance, general health improvement, among others, improve the asset value of people. The renewed focus on human resources, naming it as human capital, is a major transition from control to commitment approach, as asset percepts legitimize investment on people for incremental benefits in terms of performance and productivity, which can strengthen the organizations. This study explores the legitimacy of strategic human capital management (HCM), first in the context of theoretical support, through relevant literature review, and then examines it in the context of organizational practices. A large steel manufacturing unit of one public sector enterprise in India (i.e., Durgapur Steel Plant [DSP]) with more than a half-century of existence and a track record of growth has been selected for this purpose. The study tries to understand the degree of fit of strategic HCM practices of the sample organization, and assesses whether such practices really contribute to their sustenance and growth over the last 50 years.


2016 ◽  
pp. 1056-1074
Author(s):  
Dipak Kumar Bhattacharyya

The concept of human capital considers people as the most important asset for the growth and sustainability of the organization. Investment in people in the form of training and development, improvement of the quality of work life, support of work life balance, general health improvement, among others, improve the asset value of people. The renewed focus on human resources, naming it as human capital, is a major transition from control to commitment approach, as asset percepts legitimize investment on people for incremental benefits in terms of performance and productivity, which can strengthen the organizations. This study explores the legitimacy of strategic human capital management (HCM), first in the context of theoretical support, through relevant literature review, and then examines it in the context of organizational practices. A large steel manufacturing unit of one public sector enterprise in India (i.e., Durgapur Steel Plant [DSP]) with more than a half-century of existence and a track record of growth has been selected for this purpose. The study tries to understand the degree of fit of strategic HCM practices of the sample organization, and assesses whether such practices really contribute to their sustenance and growth over the last 50 years.


2018 ◽  
pp. 1708-1725 ◽  
Author(s):  
Knut Ingar Westeren

Human capital management has been viewed as a necessity to acquire and maintain a sustainable competitive advantage for firms since modern management theory emerged. In this chapter we will first give an overview of how knowledge capital can be linked to the competitive situation of companies. Then we will focus more specifically on how knowledge capital can be measured. We will use the MERITUM framework to measure how different aspects of the knowledge of the employees contribute to the competitiveness of the company. In the empirical part we will show a case study of how this analysis and measurement can be done. From the empirical study we find that the knowledge transfer process is the most important single factor to enhance competitiveness.


Author(s):  
Knut Ingar Westeren

Human capital management has been viewed as a necessity to acquire and maintain a sustainable competitive advantage for firms since modern management theory emerged. In this chapter we will first give an overview of how knowledge capital can be linked to the competitive situation of companies. Then we will focus more specifically on how knowledge capital can be measured. We will use the MERITUM framework to measure how different aspects of the knowledge of the employees contribute to the competitiveness of the company. In the empirical part we will show a case study of how this analysis and measurement can be done. From the empirical study we find that the knowledge transfer process is the most important single factor to enhance competitiveness.


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