Different approaches to HR and HRM value
perception
Having briefly discussed the resource-based view to
strategy formulation, it should be mentioned, however, that
though this perspective has undoubtedly highlighted the
critical role of human resources in the obtaining and
sustaining of competitive advantage, it is not the only or
the best strategic perspective that organizations should
follow in an attempt to enhance their effectiveness and
excel rivals. It is noteworthy that in their propositions on
human resources, the resource-based view has been
criticised for the neglect of the context specifics and
“human” side of employees, i.e. their demographic
characteristics and physical and psychological conditions,
as all of these factors may have an impact on employee
skills and competences (Doorewaard, Benschop, 2003).
Therefore, the paper will attempt to consider these critical
considerations and will incorporate context and people
specifics into the HRM-performance analysis.
In addition to the resource-based view, the critical role
of human resources and their management in the