“The resource-based paradigm – a special emphasis on work- force capital as a competitive strategy in businesses”

Authors

  • Hima Parameswaran Assistant Professor

DOI:

https://doi.org/10.14738/assrj.79.9019

Keywords:

resource-based view, talent management, change management, competitive strategy.

Abstract

It is a known fact that organizational strategies have created a competitive advantage of organizations. However, this competitiveness can be achieved only with the proper deployment of human, physical, and organizational resources. A study on the resource-based paradigm, specifically on human assets, explores the significance of human involvement and human investment perspective in enterprises. In view of that, a mixed approach, with a quantitative and qualitative survey was conducted in randomly selected manufacture industries in the UAE. The statistical analysis, with the help of SPSS 20 confirms the correlation between this model with its latent variables, talent management and change management, towards a strategic move. Moreover, the results prove that this RBV can enhance the mobility of various resources in the organization, maintain a culture, uphold gain-sharing, and boost network opportunities for the organizational and individual competencies.

References

Lawler, E.E. III. (1992). The ultimate advantage: Creating the high involvement organization. San Fransisco, Jossey-Bass Publishers.

Lei, D. & Slocum, J.W. (2005). Strategic and organizational requirements for competitive advantage. Academy of Management Executive, 19(1):31-45.

Barney, J. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1):101.

Critchley, R. (2004). Doing nothing is not an option: Facing the imminent labor crisis. Australia: Thomson-South Western.

Fullerton, H. & Toosi, M. (2001). Labor force projections 2010: Steady growth and changing composition. Monthly Labor Review, 124(110):21-28.

Boxall, P. (1996). The strategic HRM debate and the resource-based view of the firm. Human Resource Management Journal, 6(3):59-75.

Boxall, P. & Purcell, J. (2003). Strategy and human resource management. Basingstoke: Palgrave Macmillan.

OECD (2004). Labour force statistics. OECD, Paris. For non-OECD countries: Department of Economic and Social Affairs, United Nations. URL: http://dx.doi.org/10.14738/assrj.79.9019 259

Losey, M. (2005). Anticipating change: Will there be a labour shortage? (In Losey, M., Meisinger, S. & Ulrich, D. The future of human resource management, Virginia: Wiley & Sons:23-37.)

Tsui, A.S. & WU, J.B. (2005). The new employment relationship versus the mutual investment approach: Implications for human resource management. In Losey, M., Meisinger, S. & Ulrich, D. The future of human resource management, Viginia: Wiley & Sons:44-54).

Salt, B. (2004). The big shift, 2nd ed. South Yarra, Australia: Hardie Grant books.

Cappelli, P. (2003). Will there really be a labor shortage? Organizational Dynamics, 3:5-24.

Sims, R.R. (Ed). (2007). Human resource management: Contemporary issues, challenges and opportunities. Charlotte, North Carolina: Information Age Publishing:IX.

Auster, E.R., Wylie, K.K. & Valentine, M.S. (2005). Strategic organizational change: Building change capabilities in your organization. Houndmills: Palgrave Macmillan:176.

Lado, A.A & Wilson, M.C. (1994). Human resource systems and sustained competitive advantage: A competency-based perspective Academy of Management Review, 19(4):700.

Domsch, M.E. & Hristozova, E. (2006). Human Resource Management in consulting firms. Heidelberg: Springer Berlin.

Gottschalg, O. & Zollo, M. (2007). Interest alignment and competitive advantage. Academy of Management

Lavie, D. (2006). The competitive advantage of interconnected firms: An extension of the resource- based view. Academy of Management Review, 31(3):638.

Mongaliso, M.P. (2001). Building competitive advantage from Ubuntu: Management lessons from South Africa. Academy of Management Executive, 15(3):23-33.

Duncan, W.J., Ginter, P.M. & Swayne, L.E. (1998). Competitive advantage and internal organizational assessment. Academy of Management Executive, 12(3)6-16.

Pfeffer, J. & Ulrich, D. (2001). Competitive advantage through human resource management: Best practices or core competencies? Human Relations, 54(3):361-372.

Baron, A. & Armstrong, M. (2007). Human capital management: Achieving added value through people. London: Kogan Page.

Penrose, E. (1959). The theory of growth of the firm. Oxford: Blackwell.

Elkeles, T. & Phillips, J. (2007). The chief learning officer: Driving value within a changing organization through learning and development. Oxford: Butterworth-Heinemann.

Michaels, E., Handfield-Jones, H. & Axelrod, E. (2001). The war of talent. Boston, Mass: Harvard Business School Press.

Beer, M., Eisenstat, R.A. & Spector, B. (1990). Why change programmes don’t produce change. Harvard Business

Porras, J.I. & Robertson, P.J. (1983). Organization development: Theory, practice and research. (In Dunnette, M.D. & Hough L.M. (Eds). The handbook of industrial and organizational psychology, (3). Palo Alto, C.A.: Consulting Psychologist Press: 719-822.

Gilley, A. & Gilley, J.W. (2007). Organizational development and change. In Sims, R.R. (Ed.). Human resource management: Contemporary Issues, challenges and opportunities. Charlotte, North Carolina: Information Age Publishing: 510.

Johnson-Cramer, M.E., Parise, S., & Cross, R.L. (2007). Managing change through networks and values. California Management Review, 49(3):85-109. 260 Parameswaram, H. (2020). The Resource-Based Paradigm – A Special Emphasis On Work- Force Capital As A Competitive Strategy In Businesses. Advances

Dawson, P. (2004). Understanding organizational change: The contemporary experience of people at work. London: Sage Publications.

Higgs, M. & Rowland, D. (2000). Building change leadership capability: The quest for change competence. Journal of Change Management, 1(2):116-134.

Stensaker, I.G. & Langley, A. (2010). Change management choices and trajectories in a multidivisional firm. British Journal of Management, 21:7-27.

Lindenberg, S. (2001). Intrinsic motivation in a new light. Kyklos, 54:317-342.

Lavie, D. (2006). The competitive advantage of interconnected firms: An extension of the resource-based view. Academy of Management Review, 31(3):638.

Senge, P. (1990). The fifth discipline: The Act and practice of the learning organization. New York: Random House.

Lee-Kelley, L., Blackman, D.A. & Hurst, J.P. (2007). An exploration of the relationship between learning organisations and the retention of knowledge workers. The Learning Organisation,14(3), 204-221.

Blackman, D. & Henderson, S. (2005). Why Learning Organisations Do Not Transform. The Learning Organisation, 12(1), 42-56.

Swanson, R.A. & Holton, E.F. (2001). Foundations of Human Resource Development. San Francisco, CA: Berrett-Koehler.

Ruona, W.E.A. (2001). Systems Theory as a Foundation for HRD. In R.A. Swanson and E.F. Holton (eds), Foundations of Human Resource Development. San Francisco, CA: Berrett-Koehler.

Downloads

Published

2020-09-18

How to Cite

Parameswaran, H. (2020). “The resource-based paradigm – a special emphasis on work- force capital as a competitive strategy in businesses”. Advances in Social Sciences Research Journal, 7(9), 251–261. https://doi.org/10.14738/assrj.79.9019