2004
DOI: 10.1177/1038411104045359
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HRM in the Knowledge Economy: Realising the Potential

Abstract: In the knowledge economy, knowledge-based capabilities are the key to competitive advantage. At the firm level, this places the enterprise's people, their knowledge and innovative capacity at the heart of strategic potential, and organisations that excel in attracting, creating, managing and sustaining knowledge capabilities are advantaged. Human resource management (HRM) has over recent years been exhorted to demonstrate its position as a strategic partner to executive management: this promise has been only p… Show more

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Cited by 39 publications
(32 citation statements)
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“…First of all, human resource management (HRM) practices that improve employees' feeling as the owner of the company will encourage employees to share common knowledge with colleagues and team members. However, more attention should be given to how HR managers can design appropriate incentives to encourage employees to share their core-interest related knowledge (Whicker and Andrews, 2004).…”
Section: Implications For Practitioners and Researchersmentioning
confidence: 99%
“…First of all, human resource management (HRM) practices that improve employees' feeling as the owner of the company will encourage employees to share common knowledge with colleagues and team members. However, more attention should be given to how HR managers can design appropriate incentives to encourage employees to share their core-interest related knowledge (Whicker and Andrews, 2004).…”
Section: Implications For Practitioners and Researchersmentioning
confidence: 99%
“…At the firm level, this places the enterprise's people, their knowledge and innovative capacity at the heart of strategic potential, and organizations that excel in attracting, creating, managing and sustaining knowledge capabilities are advantaged (Whicker & Andrews, 2004).…”
Section: Identifying the Needs Of The Human Resources In Knowledge Ecmentioning
confidence: 99%
“…Therefore, human resource practitioners have to shift their focus to deal with the issue of knowledge transfer and get back to the basics of attracting, retaining and placing the best people. Since the aim of recruitment and selection in the knowledge economy is to source high talent possessing a range of capabilities related to the strategic knowledge areas, the challenge for HRM practitioners is to select the employees who are capable of contributing to the firm in a variety of ways now and future, rather than simply filling the current vacancy (Whicker and Andrew, 2004).…”
Section: Recruitment and Manpower Planningmentioning
confidence: 99%
“…Thus, Whicker and Andrew (2004) suggest that in today's economy, performance management must be re-conceptualized with knowledge work in mind. The process by which people obtain results become less significant and the focus shifts to managing outcomes, many of which are long term and difficult attributes to individual.…”
Section: Performance Managementmentioning
confidence: 99%