Human Resource Management And Business Objectives And Strategies In Small And Medium Sized Business
AbstractThere is growing evidence of the importance of co-operation between managers and workers for improving industrial performance. One manifestation of this is the growing use of human resource management (HRM) strategies to increase the involvement of employees. The survey of small and medium sized businesses revealed that a substantial majority of small and medium sized firms used HRM methods and many more than one. The employment of HRM was positively associated with a commitment to non-price competition, longer term business objectives, the intensity of training, innovation, external collaboration and partnerships and the use and effectiveness of externally provided business services and advice. Whilst no causal relation can be necessarily implied from these statistical associations, it is instructive that a significant larger proportion of firms that used HRM practices, particularly in combination and together with training, innovation and external partnership and collaboration, traded in the more fiercely competitive overseas markets and were growing.
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Bibliographic InfoPaper provided by ESRC Centre for Business Research in its series ESRC Centre for Business Research - Working Papers with number wp184.
Date of creation: Sep 2000
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Web page: http://www.cbr.cam.ac.uk/
Small and medium sized business; human resource management; training and business strategies;
Find related papers by JEL classification:
- J5 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining
- L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
- L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
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- Nooteboom, Bart, 1999. "Innovation, Learning and Industrial Organisation," Cambridge Journal of Economics, Oxford University Press, vol. 23(2), pages 127-50, March.
- Wilkinson, Frank, 1983. "Productive Systems," Cambridge Journal of Economics, Oxford University Press, vol. 7(3-4), pages 413-29, September.
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