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Human capital as a source of sustainable competitive advantage of the company: the problems of application

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  • Orekhova, C.

Abstract

On the basis of studying the properties of the company’s resources in the context of modern resource describes the concept of human capital as a specific asset. The author there are three groups of factors that explain the difficulties in applying the human capital to build a sustainable competitive advantage by Russian companies. These factors include: the properties of the human capital, the structure and specificity of the Russian economy, as well as especially the institutional environment of the Russian labor market. Based on the study of these factors in research stands out and describes the main characteristics of the optimization model of the human capital management firm, typical of Russian companies - the minimum investment in the human capital of employees of the firm; the use of price and time adjustment in adapting to changes in the institutional environment; relation to an employee as a «cost center» rather than «center investments.» The author considers the use of this model of human capital management firm losing in terms of the formation of long-term sustainable competitive advantage.

Suggested Citation

  • Orekhova, C., 2015. "Human capital as a source of sustainable competitive advantage of the company: the problems of application," Journal of Modern Competition, Synergy University, vol. 9(1), pages 99-118.
    • Handle: RePEc:snr:mdrcmp:v:9:y:2015:i:1:p:99-118
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    File URL: https://www.moderncompetition.ru/jour/article/view/649
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