The impact high performance work systems, implementation effectiveness, and alignment with strategy on shareholder wealth.

TL;DR: In this paper, the authors examined how measures of HR practices correlate with past, concurrent, and future operational performance measures, and found that correlations with performance measures at all three times are both high and invariant.

TL;DR: A disturbing disconnect in organizational management Research, experience, and common sense all increasingly point to a direct relationship between a company's financial success and its commitment to management practices that treat people as assets Yet trends in management practice are actually moving away from these very principles as mentioned in this paper.

TL;DR: The authors assesses research on the effects of high-performance systems on employer, worker and union outcomes and concludes that, compared with what has long been thought of as good management practice, claims that these systems yield superior performance outcomes may be unwarranted, and their implications for both workers and unions are at best uncertain.

TL;DR: In this paper, the authors present conceptual and empirical evidence that indicates that within the US small business sector high performance work systems (HPWS) are associated with outcomes that are key to the success of small US firms.

TL;DR: Porter's concept of the value chain disaggregates a company into "activities", or the discrete functions or processes that represent the elemental building blocks of competitive advantage as discussed by the authors, has become an essential part of international business thinking, taking strategy from broad vision to an internally consistent configuration of activities.

TL;DR: Porter's concept of the value chain disaggregates a company into "activities", or the discrete functions or processes that represent the elemental building blocks of competitive advantage as mentioned in this paper, has become an essential part of international business thinking, taking strategy from broad vision to an internally consistent configuration of activities.

TL;DR: In this article, the authors focus on the linkages between the industry analysis framework, the resource-based view of the firm, behavioral decision biases and organizational implementation issues, and connect the concept of Strategic Industry Factors at the market level with the notion of Strategic Assets at the firm level.

TL;DR: In this article, the authors examined the linkages between systems of high performance work practices and firm performance and found that these practices have an economically and statistically significant impact on both intermediate outcomes (turnover and productivity) and short and long-term measures of corporate financial performance.