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The Role of Human Resources in the Success of New Businesses

UNCP Author/Contributor (non-UNCP co-authors, if there are any, appear on document)
Dr.. John Parnell, Belk Chair of Management (Creator)
Institution
The University of North Carolina at Pembroke (UNCP )
Web Site: http://www.uncp.edu/academics/library

Abstract: Factors associated with business success have been pervasive topics in the entrepreneurship literature for decades and have addressed all functional areas of business, such as marketing, finance, and production (Bruno, Leidecker, & Harder, 1987; Terpstra & Olson, 1993). Business Resources are usually categorized in three groups: physical, organizational, and human (Koch & Kok 1999). The human resource has long been identified as critical, and in particular the experience of management, by affecting the other resources and functions to achieve success (Penrose, 1959, p. 5). Therefore, this paper considers specific factors in one functional area-human resources (HR) - and examines relationships to several key organizational attributes. This paper is based on a survey of firms involved in technology environments because new businesses in this sector are often seen as the engines in the so-called new economy and their distinctive human capital needs and composition may help determine their growth or failure.

Additional Information

Publication
Southern Business Review
Language: English
Date: 2006
Keywords
Business, Management, Organizational Management, Human Resources (HR), Business Success, Performance Measurement (Quality)