Human Resources

Paper Summary:

The paper explains the 'resource-based view' (RBV) that suggests that how resources are applied within a firm can create a competitive advantage. The paper explains five strategies an organization should incorporate and two points that warn the organization how not to act.

Outline:
Objective
Introduction
Resource-Based View "Shoulds"
Resource-Based View "Should Nots"
Summary and Conclusion

From the Paper:

"The work of Morris, Snell, and Wright (2005) entitled: "A Resource-Based View of International Human Resources: Toward a Framework of Integrative and Creative Capabilities" state that various theoretical approaches have been utilized in the study of International Human Resource Management and that it is not surprisingly that "the resource-based view (RBV) of the firm has emerged as perhaps the predominant perspective. RBV is particularly attractive to IHRM researchers in that it focuses directly on the potential value of a firm's internal asset stocks for conceiving and executing various strategies." These authors express that this strategy is a departure from the "traditional I/O economic models of competitive advantage that focus on the structure of markets as the primary determinant of firm performance." (Morris, Snell, and Wright, 2005) RBV is, in contrast to other economic models, based upon two assumptions: 1. Resources are distributed heterogeneously across firms; and 2. Resources remain imperfectly mobile over time. (Morris, Snell, and Wright, 2006) "

Sample of Sources Used:

• Brown, Eric D. (2007) Aligning Technology, Strategy, People & Projects. Trying to Solve the Alignment Puzzle. 5 Nov 2007. Online available at: http://ericbrown.com/competitive-advantage-and-the-resource-based-view-of-the-firm.htm
• Geisler, Eliezer (2007) The Metrics of Knowledge: Mechanisms for Preserving the Value of Managerial Knowledge. Business Horizons, Vol. 50, Issue 6. Nov-Dec 2007.
• Hanel, Petr (2004) Intellectual Property Rights Business Management Practices: A Survey of Literature. Note De Recherche. Jan 2004.
• Fahy, John and Smithee, Alan (1999) Strategic Marketing and the Resource Based View of the Firm. Academy of Marketing Science Review. Vol. 10. 1999. Available at: http://www.ansreview.org/articles/fahy10-1999.pdf
• O'Callaghan, R. and Smits, M. (nd) A Strategy Development Process for Enterprise Content Management. Research on Information Systems and Management (CRISM),

More papers on Human Resources:

• Book Review # 88982 : "Human Resources Management: A Critical Review"
• Analytical Essay # 41156 : "Human Resources in Education" - A Chapter Summary."
• Descriptive Essay # 149982 : "The Importance of Human Resources and Employee Relations"
• Essay # 69922 : "Human Resources - Cost to ROI"

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