Human Resource Management in Entrepreneurial Business: A Literature Review

Abstract

Entrepreneurial orientation is critical for small and medium organizations for the survival and growth of their businesses. Entrepreneurial is an undertaking in which a particular human being proceeds along with opportunities by exploring the benefit of human resource management. The study justified that the role of managing human resources effectively and efficiently is significant in fostering and maintaining high levels of productivity in entrepreneurial businesses. Employees are said to be the most important resources available to an entrepreneur in the creation, development, and sustenance of a thriving entrepreneurial business. However, it was recommended that business owners should ensure competent candidates are being selected and placed during the recruitment process, as proper selection and placement of candidates into the organization will result into having the right people doing the right job which would enhance future performances of entrepreneurial businesses.

Situational Leadership Dynamics: Its Influence on Human Resource Development in the Entrepreneurial Context

“…Human Resources (HR) are identified as a crucial element in the context of entrepreneurial business (Omotoye et al, 2022). HR development focuses not only on enhancing technical skills and knowledge but also on leadership dimensions that enable individuals to tackle the complex and diverse challenges often encountered in entrepreneurial environments.…”