Investing in people and business performance - Resource-based theories
5 important questions on Investing in people and business performance - Resource-based theories
Why can some resources contribute to have a competitive advantage according to Barney, list the 4 elements of a valuable resource
- Sustainable; org can rely on it over longer time
- Rare; not easy to obtain
- Non transparent; It is unclear how a resource leads to an advantage, so the strategy is difficult to copy
- Non transferable; the resource will lose value in other organization, especially intangible resources are difficult to transfer
What aspects of value does human capital possibly obtain?
Which types of capital give the highest value for the unique capability
- Higher grades + faster learning
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What is the relationship between HRM and productivity?
How do you get a motivated and capable workforce?
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- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
