MBA 5310 Discussion 1: 300 words with 2 references
This discussion focuses on our theme for the week: Human Capital as the X Factor in the Competitive Edge Formula. Read the Boone, Eckardt, Lepak, and Bosell (2018) article and respond to the discussion prompt.
The Boone, Eckardt, Lepak, and Bosell (2018) article entitled “Integrating Strategic Human Capital and Strategic Human Resource Management” is part of your reading for this module (Boone et al.) Discuss the merits of both parallel approaches to Human Capital as beneficial strategic resources to organizational performance. Discuss the merits of these approaches and explain how they both contribute to the position that “Human Capital is the X factor in the competitive advantage formula”. Support your position with citations from module readings and additional references as needed.
References:
- Boon, C., Eckardt,R., Lepak, D. P., & Boselie, P. (2018). Integrating strategic human capital and strategic human resource management. The International Journal of Human Resource Management, 29(1), 34-67, DOI: 10.1080/09585192.2017.1380063 [PDF]
- Navío-Marco, J., Solórzano-García, M., & Palencia-González, F. (2019). Human resource management as key pillar of company strategy: Analysis of the line managers’ perception. Journal of Management & Organization, 25(2), 175-188. doi:10.1017/jmo.2018.49 [PDF]
Solution
Human capital plays a pivotal role in organizational performance, making it a crucial factor in gaining a competitive advantage. Boone, Eckardt, Lepak, and Boselie (2018) discuss two parallel approaches to human capital: strategic human capital (SHC) and strategic human resource management (SHRM). These approaches, while distinct, contribute significantly to reinforcing human capital as the “X factor” in organizational success.
Strategic human capital emphasizes the value of employees as resources that drive performance, innovation, and sustained competitive advantage. This perspective highlights the importance of developing and leveraging skills, knowledge, and abilities within the workforce to align with organizational goals. Boone et al. (2018) argue that… Please click on the Icon below to purchase the full answer at only $5
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