The current study examinesthe impact of human capital development (HCD) on strategic renewal (SR) of firms in hospitality industryof Khyber Pakhtunkhwa. In addition, the currentstudy also examined the mediatingrole of ambidextrous learning (AL) and the moderating role of dynamic capabilities(DC)between HCD and SR relationship. Data were collected from 490 managers/owners of 3-stars and 4-stars hotelsthrough questionnaires operatingin thetourist destinations of Khyber Pakthunkhwa, Pakistan. Data analysis was performed throughvarious statistical techniqueswhich provides some interesting results. The results indicate that HCD is positively associated withSR. Moreover, AL bridgesthe associationbetween HCD and SR. Furthermore, the results stated that DChas a strong contingent effect on the relationship between HCD and SR. The findingsreveal that HCD in presence of AL plays acritical role inSRof the hospitality in Khyber Pakhtunkhwa.
Patching the Wrong Eye? Balancing the Role of Social and Human Capital in Firm Strategic Renewal
