A holistic model of human capital for value creation and superior firm performance: The Strategic factor market model

Understanding the link between human capital, competitive advantage and firm performance is a major focus of research in strategic human capital studies in strategic management and Strategic Human Resource Management (SHRM). Indeed, much progress has been made in understanding this link. However, st...

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Autores principales:	Ebes Esho, Grietjie Verhoef
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2020
Materias:	human capital strategic factor market knowledge competitive advantage value creation value capture Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/acb0d9585bcf4ffc9334bf56ab9d106b
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spelling	oai:doaj.org-article:acb0d9585bcf4ffc9334bf56ab9d106b2021-12-02T14:41:51ZA holistic model of human capital for value creation and superior firm performance: The Strategic factor market model2331-197510.1080/23311975.2020.1728998https://doaj.org/article/acb0d9585bcf4ffc9334bf56ab9d106b2020-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2020.1728998https://doaj.org/toc/2331-1975Understanding the link between human capital, competitive advantage and firm performance is a major focus of research in strategic human capital studies in strategic management and Strategic Human Resource Management (SHRM). Indeed, much progress has been made in understanding this link. However, strategy scholars have emphasized firm-specific human capital as the most strategic form of human capital, and mobility constraints as the route to human capital-based competitive advantage and superior performance. SHRM, on the other hand, have been primarily focused on human resource policies, practices and systems, and more recently on the ability, motivation, and opportunity framework. Consequently, there has been an implicit assumption that there is already an understanding of how human capital actually creates value in firms. This article presents a succinct review of extant studies and a model that explores value creation from human capital. The model, based primarily on the theory of strategic factor market, holds promise in furthering extant understanding of the link between human capital, competitive advantage and firm performance. The model takes a more holistic approach to the role of human capital in value creation in firms.Ebes EshoGrietjie VerhoefTaylor & Francis Grouparticlehuman capitalstrategic factor marketknowledgecompetitive advantagevalue creationvalue captureBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 7, Iss 1 (2020)
institution	DOAJ
collection	DOAJ
language	EN
topic	human capital strategic factor market knowledge competitive advantage value creation value capture Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	human capital strategic factor market knowledge competitive advantage value creation value capture Business HF5001-6182 Management. Industrial management HD28-70 Ebes Esho Grietjie Verhoef A holistic model of human capital for value creation and superior firm performance: The Strategic factor market model
description	Understanding the link between human capital, competitive advantage and firm performance is a major focus of research in strategic human capital studies in strategic management and Strategic Human Resource Management (SHRM). Indeed, much progress has been made in understanding this link. However, strategy scholars have emphasized firm-specific human capital as the most strategic form of human capital, and mobility constraints as the route to human capital-based competitive advantage and superior performance. SHRM, on the other hand, have been primarily focused on human resource policies, practices and systems, and more recently on the ability, motivation, and opportunity framework. Consequently, there has been an implicit assumption that there is already an understanding of how human capital actually creates value in firms. This article presents a succinct review of extant studies and a model that explores value creation from human capital. The model, based primarily on the theory of strategic factor market, holds promise in furthering extant understanding of the link between human capital, competitive advantage and firm performance. The model takes a more holistic approach to the role of human capital in value creation in firms.
format	article
author	Ebes Esho Grietjie Verhoef
author_facet	Ebes Esho Grietjie Verhoef
author_sort	Ebes Esho
title	A holistic model of human capital for value creation and superior firm performance: The Strategic factor market model
title_short	A holistic model of human capital for value creation and superior firm performance: The Strategic factor market model
title_full	A holistic model of human capital for value creation and superior firm performance: The Strategic factor market model
title_fullStr	A holistic model of human capital for value creation and superior firm performance: The Strategic factor market model
title_full_unstemmed	A holistic model of human capital for value creation and superior firm performance: The Strategic factor market model
title_sort	holistic model of human capital for value creation and superior firm performance: the strategic factor market model
publisher	Taylor & Francis Group
publishDate	2020
url	https://doaj.org/article/acb0d9585bcf4ffc9334bf56ab9d106b
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A holistic model of human capital for value creation and superior firm performance: The Strategic factor market model

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