“…Several studies in the human resource management (HRM) domain (e.g., Bal & Jansen, ; Beltrán‐Martín, Roca‐Puig, Escrig‐Tena, & Bou‐Llusar, ; Bhattacharya, Gibson, & Doty, ; Chang, Gong, Way, & Jia, ; Ketkar & Sett, , ; Lepak, Takeuchi, & Snell, ; Martínez‐Sánchez, Vela‐Jiménez, Pérez‐Pérez, & de‐Luis‐Carnicer, 2011) have integrated the concept of flexibility to explain, in part, how firm leaders can manage volatility and competitive pressures. Wright and colleagues (Way et al, ; Wright & Snell, ) contend that HR flexibility reflects the extent to which a firm's human resources (people) possess a variety of competencies, and the firm's HR practices can effectively utilize those people to be adaptive and facilitate the capacity of the firm to pursue strategic alternatives in response to competitive changes.…”