Dear Sir, Madam and Students,
Organizations receive four basic kinds of resources from their environments. These are: human, monetary, physical and information. Human resource includes managerial talent and labour (Richy W. Griffin.1987).Getting and keeping efficient human resource is fundamental to the success of every organization, whether profit or non-profit, public or private.
So,HRM is seen as a set of techniques that claimed to embrace and promote new approaches to ‘management of people’ and ‘work organization’ to enhance employee commitment and flexibility as well as their willingness to respond rapidly with the changing market conditions for providing competitive advantage to the organizations.
Organizations can sustain/achieve competitive advantage through people if they are able to meet the following criteria.
1. The HR must be able to create value: People are a source of competitive advantage when they improve the efficiency or effectiveness of the company. Employees can find ways to decrease costs, something unique to customers, or some combination of two.
2. The resources must be rare: People are a source of competitive advantage when their skills, knowledge, and abilities are not equally available to competitors.
3. The resources must be difficult to imitate: People are a source of competitive advantage when others cannot copy employees’ capabilities and contributions.
4. The resource must be organized: People are a source of competitive advantage when their talents can be combined and deployed to work on new assignments at a moments notice.
Sampa Saha
Sr. lecturer
Department of Business Administration
Daffodil International University.
