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Strategic human resource management in small and medium enterprises

Author

Listed:
  • Emil Knezović
  • Senad Bušatlić
  • Ognjen Riđić

Abstract

Small and medium enterprises (SMEs) are seen as one of the main drivers of economic growth in the modern economy that is characterised with free markets, private ownership, entrepreneurship, and a major change in the basic approach to business and management. As a result, human capital is regarded as the most important asset, and therefore, in order to grow and prosper, SMEs need to embrace the strategic approach to the human resource management (HRM) which should, in return, increase their competitiveness and responsiveness to the market changes. The aim of this study was to analyse the influence of strategic human resource (HR) practices on organisational performance. The results of hierarchical regression used to test the hypothesis supported the relationship between strategic HR practices and business performance. The findings presented in this study were used for making recommendations to the SMEs' managers in the Federation of Bosnia and Herzegovina.

Suggested Citation

  • Emil Knezović & Senad Bušatlić & Ognjen Riđić, 2020. "Strategic human resource management in small and medium enterprises," International Journal of Human Resources Development and Management, Inderscience Enterprises Ltd, vol. 20(2), pages 114-139.
    • Handle: RePEc:ids:ijhrdm:v:20:y:2020:i:2:p:114-139
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    Citations

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    Cited by:

    1. Knezović Emil & Smajić Hamza, 2022. "Employee Participation in the Decision-Making Process and Organizational Citizenship Behavior: The Mediating Role of Affective Commitment," Organizacija, Sciendo, vol. 55(1), pages 64-76, February.
    2. Lukáš Smerek & Milota Vetráková & Šárka Čemerková & Vojtěch Malátek, 2020. "Comparison of the Level of Personnel Work in the Czech Republic and Slovakia," Sustainability, MDPI, vol. 13(1), pages 1-16, December.
    3. Milota Vetráková & Lukáš Smerek & Katarzyna Włodarczyk & Ewa Mazur-Wierzbicka & Sandra Misiak-Kwit, 2021. "The implementation of personnel processes in Poland and Slovakia," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(4), pages 148-163, June.

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