The field of HRM was founded on the idea that the competitive advantage of the organisation relies on the following sources of capital:
Correct answer: B. social, cultural and human capital
- A. cultural, human and system capital
- B. social, cultural and human capital
- C. organisation relies on the ,following sources of capital
- D. cultural, human and source capitalCompare HR Software
Explanation
The modern HRM view treats competitive advantage as dependent on human capital together with social and cultural capital. These forms of capital represent employee capability, relationships and shared values, respectively.
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About Human Resource Management
Human resource management deals with acquiring, developing, rewarding and retaining employees within an organisation. It includes job analysis, recruitment, selection, training, performance appraisal, compensation, career planning, labour relations and workplace discipline. Recruitment attracts applicants, while selection evaluates them and chooses the most suitable candidate.
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