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| Author: | Bhattacharya, M. Wright, P.M. |
| Title: | Managing human assets in an uncertain world: applying real options theory to HRM |
| Journal: | International journal of human resource management
2005 : JUN, VOL. 16:6, p. 929-948 |
| Index terms: | Human resource management Uncertainty |
| Freeterms: | Real options |
| Language: | eng |
| Abstract: | A company's human resources have been proposed as an asset that can provide value and competitive advantage by many authors, but the SHRM field has tended to ignore the fact that assets have associated uncertainties and risks. The real options view provides a theoretical framework for how companies manage uncertainties associated with investments in real assets. This logic is applied to analyse the uncertainties associated with human assets and it is discussed how companies manage these uncertainties through HR "options" which are capabilities generated by some HR practices and their combinations. |
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