BUS301: Human Resource Management
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US firms maintain their competitive advantages by holding on to resources their competitors cannot obtain. What do we mean by “resources?” The term “resources” can refer to anything from rights to a certain oil field, the patent on touchscreen technology, or an exclusive contract with the government. More often than not, however, a company’s most valuable resources are its employees. Often, having the “right” employees the individuals capable of developing iPhones or finding new oil fields separates the highly successful firms from their less successful competitors. As you begin the journey of this course, you might be saying to yourself, "My company may say I am its most valuable resource, but it really do not treat me like I am valued." This feeling is one of many elements associated with managing human capital. In the United States, the subfield of Human Resource Management (alternatively known as Human Capital Management) has a history that dates back almost a century, bu…
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