Achieving sustained competitive advantage by enhancing organizational distinctive competences
Achieving sustained competitive advantage by enhancing organizational distinctive competences
Author(s): Elizabeta ToshevaSubject(s): Economy
Published by: Економски институт - Скопје
Keywords: distinctive competencies; sustainable competitive advantage; strategic HRM
Summary/Abstract: Drawing on the theoretical insights from the resource-based view of strategic human resources management, the purpose of this paper is to explore the potential of HR systems and their contribution to sustained competitive advantage by facilitating the development and utilization of organizational competencies. Specifically, we discus, within an open-system framework, how HR activities, functions and processes may contribute to the development and utilization of organizational managerial, input-based, transformational and output based competencies.The designated competencies contribute for the concept of sustainable competitive advantage in the context of two teoretical frameworks: environmental determinisam (which includes the microeconomic elements and industrial relations) and strategic selection (which includes economic and strategic choices). Considering this theoretical framework, we conducted concrete empirical research in the companies in the Republic of Macedonia, collected relevant data and derived relevant findnings that can be applied in practice in order to achieve sustainable competitive advantage. To the extent that the configuration of competency - enhancing HR activities, functions and processes depends on the unique and idiosyncratic capabilities for carrying out new combinations and insofar as such a configuration produces positive synergies for the firm, it may hold the potential of sustained competitive advantage.
Journal: Економски Развој - Economic Development
- Issue Year: 15/2013
- Issue No: 1-2
- Page Range: 187-200
- Page Count: 14
- Language: English