Chapter

Performance and Organization in the Knowledge Economy: Innovation and New Human Resource Management Practices

Nicolai J. Foss

in Strategy, Economic Organization, and the Knowledge Economy

Published in print February 2005 | ISBN: 9780199240647
Published online April 2005 | e-ISBN: 9780191602177 | DOI: http://dx.doi.org/10.1093/0199240647.003.0008
 Performance and Organization in the Knowledge Economy: Innovation and New Human Resource Management Practices

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This chapter examines the link between innovation performance and complementary new human resource management (HRM) practices. It argues that the notion of complementarities can help explain the stylised facts that relate the changes in the nature of employment relations — called ‘new HRM practices’ — to the systemic nature of these practices, and to their adoption by innovative firms. While the adoption of individual HRM practices may positively influence innovation performance, adopting a package of complementary HRM practices may impact more strongly on innovation performance.

Keywords: knowledge economy; human resource management; performance; organization

Chapter.  9778 words. 

Subjects: Economic Systems

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