Human Resource Management: Some Vital Considerations

14 Pages Posted: 9 Aug 2007

Date Written: August 8, 2007

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.

Keywords: Human resource management, bounded rationality, adaptive complex system, satisficing behaviour, dynamic gradual optimization, Crowd-sourcing

JEL Classification: J24, J53, M12, M54

Suggested Citation

Mishra, Sudhanshu K., Human Resource Management: Some Vital Considerations (August 8, 2007). Available at SSRN: https://ssrn.com/abstract=1005563 or http://dx.doi.org/10.2139/ssrn.1005563

Sudhanshu K. Mishra (Contact Author)

North-Eastern Hill University (NEHU) ( email )

NEHU Campus
Shillong, 793022
India
03642550102 (Phone)

HOME PAGE: http://www.nehu-economics.info

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