2014
DOI: 10.5296/ijhrs.v4i1.5285
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Human Resources (HR) as a Strategic Business Partner: Value Creation and Risk Reduction Capacity

Abstract: The competitive forces firms face today, and will continue to face in the future, demand organizational excellence through which HR departments could make a real contribution to the business through their value-added and risk reduction capacity, while been accepted as equal strategic business partners in organizations. The article discusses HR department's capability of being seen as an integrated value-driven business function, while it also demonstrates its risk reduction capacity, both critical outcomes of … Show more

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Cited by 21 publications
(12 citation statements)
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“…It is widely argued that HRD's strategic outlook could be assessed through the way in which its voice is expressed and heard during corporate strategy's formulation (Garavan, ; Holbeche, ; Mitsakis, ; Sung & Choi, ). Therefore, employees offered their opinion on HRD's ability to do so.…”
Section: Results: Employees’ Perceptions Of the Suggested Strategic Cmentioning
confidence: 99%
See 1 more Smart Citation
“…It is widely argued that HRD's strategic outlook could be assessed through the way in which its voice is expressed and heard during corporate strategy's formulation (Garavan, ; Holbeche, ; Mitsakis, ; Sung & Choi, ). Therefore, employees offered their opinion on HRD's ability to do so.…”
Section: Results: Employees’ Perceptions Of the Suggested Strategic Cmentioning
confidence: 99%
“…Therefore, it suggests that the employment of the proposed strategic criteria will enhance the HRD function's outlook as an equal strategic business partner, with strategic outcomes to follow. Thus, HRD professionals should be able to constantly demonstrate their value proposition and risk reduction capacity as is often required (Mitsakis, ), and should create dynamic capabilities which can contribute to increased organizational performance and competitive advantage (Garavan et al ., ).…”
Section: Introductionmentioning
confidence: 99%
“…In light of the recent global circumstances, HRD professionals should be opportunity- and capability-driven to ensure their organisational value proposition regardless of the internal and/or external circumstances (Mitsakis 2014b ). With regard to the former, the author argues that opportunity-driven organisations align their business and HR/HRD strategies by emphasising the learning potential of their people.…”
Section: Discussionmentioning
confidence: 99%
“…Organisations need to grow its expertise and knowledge across all spheres of its business to develop and improve their business processes towards greater efficiency [43]. To do this, business in conjunction with IT needs to develop a holistic workforce strategy and programs to effectively attract and retain talent to remain competitive and to deliver on its mandate as set by its shareholder [44].…”
Section: B Talent Managementmentioning
confidence: 99%