With reference to reliable academic sources and key authors, critically compare and contrast ‘Best Practice’ HRM (the universalist approach) and ‘Best Fit’ HRM (the contingency approach). You must ensure that your answer specifically addresses Human Resource Management, rather than generic best practices in accounting, marketing, operations etc.
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QUESTION 1
With reference to reliable academic sources and key authors, critically compare and contrast ‘Best Practice’ HRM (the universalist approach) and ‘Best Fit’ HRM (the contingency approach). You must ensure that your answer specifically addresses Human Resource Management, rather than generic best practices in accounting, marketing, operations etc.
QUESTION 2
With reference to key academic sources throughout your answer, critically evaluate the Resource Based View of the Firm and the extent to which building unique ‘bundles of HR practices’ can contribute to sustainable competitive advantage (Give examples of different types of ‘bundles’ of HRM practice to illustrate your answer). Finally, using relevant academic and practical examples, explain the evidence which suggests High Performance Working Practices are considered to have a more positive impact on business performance.
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