Human Resource Management: Some Vital Considerations

Mishra, SK (2007): Human Resource Management: Some Vital Considerations.

Abstract

The paper discusses how and why the theories of neo-classical economics are inadequate to provide a framework to human resource management and therefore must give way to dynamic gradual optimization procedure based on the principles of bounded rationality and satisficing behaviour in dealing with the problems of an adaptive complex system of business organization. It also widens the scope of human resource management to include crowd-sourcing.

• Item Type: MPRA Paper
• Institution: North-Eastern Hill University, Shillong (India)
• Language: English
• Keywords: Human resource management; bounded rationality; adaptive complex system; satisficing behaviour; dynamic gradual optimization; crowd-sourcing
• Subjects: L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L20 - General; J - Labor and Demographic Economics > J5 - Labor-Management Relations, Trade Unions, and Collective Bargaining > J50 - General; J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J20 - General

References

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