How Do Interdependencies Among Human - Capital Deployment, Development, and Diversification Strategies Affect Firms' Financial Performance ?  

Oleh:

Kor, Yasemin Y. ; Leblebici, Huseyin

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 26 no. 10 (Oct. 2005), page 967-985.
Topik: FIRM; resource - based view; diversification strategy; human resources; firm performance; professional service firm

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.20 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Using key insights from the resource - based view of the firm, we develop and test a theory of how firms can successfully deploy and develop their strategic human assets while managing the trade - offs in their service and geographical diversification strategies. In a sample of large law firms we find that, eventhough firms profit from expert human - capital leveraging strategy and service and geographical diversification strategic individually, pursuing these strategies simulataneously at high levels produces hegative interaction effects on firm profitability. In addition, the internally developed, firm - specific associate human capital strategically fits better with high levels of expert human - capital leveraging. While lateral hiring helps firms build new knowledge bases and take advantage of growth opportunities, pursuing high levels of both expert human - capital leveraging and lateral hiring of associates results in lower profitability. To fully capture the economic benefits from strategies of diversification, human - capital leveraging and lateral hiring, firms should understand and manage the complex interdependencies among multiple levels of strategy.

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