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Individual firms and regional business clusters : the HRM advantage in rent generation

Ling, Sharine & Waterhouse, Jennifer M. (2009) Individual firms and regional business clusters : the HRM advantage in rent generation. In Lewer, John, Ryan, Shaun, & Macneil, Johanna (Eds.) Labour, Capital and Change – Proceedings of the 23rd Conference of the Association of Industrial Relations Academics of Australia and New Zealand, 4 – 6 February, Newcastle, Australia.

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Abstract

Much of the literature on clusters has focused on the economic advantages of clusters and how these can be achieved in terms of competition, regional development and local spillovers. Some studies have focused at the level of the individual firm however human resource management (HRM) in individual clustered firms has received scant attention. This paper innovatively utilises the extended Resource Based View (RBV) of the firm as a framework to conceptualise the human resource processes of individual firms within a cluster. RBV is argued as a useful tool as it explains external rents outside a firm’s boundaries. The paper concludes that HRM can assist in generating rents for firms and clusters more broadly when the function supports valuable interfirm relationships important for realising inter-firm advantages.

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ID Code: 26981
Item Type: Conference Paper
Keywords: Regional Business, Clusters, HRM
ISBN: 978098608502
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Industrial Relations (150306)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Human Resources Management (150305)
Divisions: Current > Research Centres > Australian Centre for Business Research
Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Management
Copyright Owner: Copyright 2009 (please consult the authors)
Deposited On: 28 Aug 2009 09:40
Last Modified: 05 Jan 2011 23:52

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