Conclusions
By way of conclusion, it can be said that both human
resources and their management, especially when used in
combination, may be viewed as value adding to the
organisation in its attempts to meet the challenges of highly
volatile global business environment. This assumption is
supported by most contemporary approaches to sources of
competitive advantage, a summary of which is provided in
Table 2. As seen from the overview of these approaches and
as already discussed in this paper, the highest relevance to
human resources is attributed by approaches supporting the
idea that the source of organisational competitiveness
resides within the firm, i.e. views of internal sources of
competitive advantage, such as resource-based view,
knowledge-based view, or competency-based view.