2020
DOI: 10.3390/su12062300
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Is Human Capital Ready for Change? A Strategic Approach Adapting Porter’s Five Forces to Human Resources

Abstract: This article argues for adapting Porter's Five Forces Model to strategic human resources management. The world business environment is facing real challenges: Shortage of talents, ageing of the world population, and disappearance of repetitive jobs. For a sustainable approach, the quality and stability of human capital should be analyzed strategically, based on the influence of five forces which act in the market: Competition in the industrial sector between specialists with core competencies (rivalry), demand… Show more

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Cited by 18 publications
(16 citation statements)
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“…The complexity and intense competition of the external economic environment forces organizations to be innovative and to change in order to survive (Tosheva and Panovski, 2014;Du et al, 2015). To meet this demand, organizations require employees' creative ideas and behaviors in improving efficiency (Anastasiu et al, 2020;Kang et al, 2020). These transformative efforts and innovative behaviors have aroused special attention in domestic and foreign academic circles in recent years and constitute an emerging field.…”
Section: Discussionmentioning
confidence: 99%
“…The complexity and intense competition of the external economic environment forces organizations to be innovative and to change in order to survive (Tosheva and Panovski, 2014;Du et al, 2015). To meet this demand, organizations require employees' creative ideas and behaviors in improving efficiency (Anastasiu et al, 2020;Kang et al, 2020). These transformative efforts and innovative behaviors have aroused special attention in domestic and foreign academic circles in recent years and constitute an emerging field.…”
Section: Discussionmentioning
confidence: 99%
“…In certain ventures, new innovation such as advanced mechanics has supplanted work. A survey by PwC (2018) conducted in China, India, Germany, the United Kingdom, and the United States revealed some interesting findings, including the notion that many occupations, particularly regular ones, will be eliminated and replaced with jobs that need flexibility to modern technologies (Anastasiu et al, 2020). Human capital is unlike physical capital; it is an irreversible investment: the individual worker cannot be separated from human capital.…”
Section: Research Limitation/implicationsmentioning
confidence: 99%
“…The strategic view is that the company re-examines resources according to internal and external conditions and trends, makes full use of human resources, ensures the contribution of resources to the organization, transforms resources into unique assets. That are difficult to imitate, substitute, and creates a lasting competitive advantage the company's strengths (Anastasiu et al, 2020).…”
Section: 1mentioning
confidence: 99%