Theories in HRM — foundation?
Built on paradigms, definitions, and testable claims.
Personal Economics — market process?
Matches labour demand with supply amid risks and asymmetries.
Strategic HRM — focus?
Aligns HR practices with organizational strategy and motivation.
Human Capital Theory — key asset?
Skills and knowledge that increase productivity and value.
Principal-Agent Theory — main issue?
Aligning agent effort with principal interests amid information asymmetry.
Transaction Cost Analysis — goal?
Reduce costs of contracting, monitoring, and resource allocation.
Power Resources — define?
Assets like control rights and information that influence relations.
Political Perspective — workplace view?
A space of conflicting interests and power struggles.
Work — Marx’s view?
Activity transforming resources into goods or services.
Labour Power — Marx?
Worker’s capacity to work, sold as a commodity.
Latent conflicts — description?
Hidden disagreements that can escalate if unnoticed.
Manifest conflicts — description?
Open disputes like strikes or protests.
Conflict management — purpose?
Handle disputes to maintain stability and promote cooperation.
Paradigm in HRM — role?
Guides understanding with broad perspectives and assumptions.
Falsifiable claims — importance?
Allow empirical testing to validate or reject theories.
Labour market — characteristic?
Dynamic process with asymmetries and bounded rationality.
Work as a commodity — Marx?
Labour power sold temporarily, not as property.
Unilateral employer authority — reason?
Due to incomplete contracts and information gaps.
Power resources — Weber?
Means to enforce will, including ownership and info advantage.
Actor interests in HR — influence?
Shape policies through power, negotiations, and societal norms.
Testez vos connaissances avec un QCM de 10 questions sur Foundations of HRM: Theories, Economics, and Power.
1. What are theories in HRM primarily considered to be?
2. Who is the author associated with the development of Human Capital Theory in Personal Economics, and in what year was it introduced?
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