H. R. M. PRACTICES IN SMALL AND MEDIUM SIZE ENTERPRISES IN BIDAR DISTRICT OF KARNATAKA
Journal Title: GJRA-Global Journal For Research Analysis - Year 2018, Vol 7, Issue 4
Abstract
People have always been central to organizations, but today they have taken on even more central role in building a firm’s competitive advantage. An organization’s success has come to depend more on human capital which includes knowledge, skills and attitudes imbedded in an organization’s members (Prahlad and Hamel, 1990 ) Watson (1963), the founder of IBM says,” You can get capital and erect buildings, but it takes people to build a business”. HR expenditures which -were earlier regarded as cost items, are now viewed as a strategic investment rather than simply a cost to be minimized. When employees’ knowledge, skills, and attitudes (KSAs) are valuable, and difficult to imitate, and organised, a firm can achieve a sustained competitive advantage through people. Even though some sort of people- management has been there in SMEs, HRM in the modern sense as a decisive variable in augmenting competitive advantage, entrepreneurial and firm performance is of recent origin.
Authors and Affiliations
Dr. SHIVSHENKER
Keywords
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