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Entrepreneurial Human Resource Strategy, Christopher J. Collins, Matthew Allen, Scott Snell Jan 2005

Entrepreneurial Human Resource Strategy, Christopher J. Collins, Matthew Allen, Scott Snell

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[Excerpt] Entrepreneurship is the process by which "opportunities to create future goods and services are discovered, evaluated, and exploited" (Shane and Venkataraman, 2000: 218). In other words, it is the process by which organizations and individuals convert new knowledge into new opportunities in the form of new products and services. Strategic human resource management (SHRM) has been defined as the system of organizational practices and policies used to manage employees in a manner that leads to higher organizational performance (Wright and McMahan, 1992). Further, one perspective suggests that sets of HR practices do not themselves create competitive advantage; instead, they ...