ACHIEVING SUSTAINED COMPETITIVE ADVANTAGE BY ENHANCING ORGANIZATIONAL DISTINCTIVE COMPETENCIES

Tosheva, Elizabeta (2013) ACHIEVING SUSTAINED COMPETITIVE ADVANTAGE BY ENHANCING ORGANIZATIONAL DISTINCTIVE COMPETENCIES. Journal of The Institute of Economics’- Skopje, Economic Development (1-2). pp. 187-200. ISSN 1857-7741

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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 theoretical frameworks: environmental determinism (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 findings 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. Keywords: distinctive competencies, sustainable competitive advantage, strategic HRM

Item Type: Article
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Law
Depositing User: Mr Mladen Kradzoski
Date Deposited: 26 Mar 2019 17:49
Last Modified: 26 Mar 2019 17:49
URI: http://eprints.uklo.edu.mk/id/eprint/1550

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