Entrepreneurs and Contemporary Human Resource Management Practices - Correlation with Business Performance
Session
Management, Business and Economics
Description
The study of the relation between entrepreneurship, contemporary HR management practice and firm's performance has occupied a good amount of research during the last decades. The idea underlying this assumption is that contemporary management plays a key role in enhancing two of the main sources of competitive advantage for the businesses: its human resources and its organizational knowledge. Contemporary management plays an important role in developments and moreover must be a valuable supporter to respond to the demands and challenges posed by development, various barriers, crises and the constant changes in the business environment. Developments at the international and national level place demands on entrepreneur’s high expectations for survival, planned and expected results as well as competitive performance of businesses. Human resource capacity building and development, carried out through certification and ongoing mandatory training as part of staff professional development schemes, remains one of the main tasks of these entrepreneurs. Continuing professional training of entrepreneurs in modern management aims to ensure the provision of a service by updating knowledge in the field of entrepreneurship, management and human resources, adapting the skills of process leaders to international standards and the most advanced work practices as high quality as possible, as well as addressing the necessary improvements by communicating the results for each commitment made in their undertaking. Maintaining professional competence, when entrepreneurs have to face major challenges, raises as a necessary requirement that they themselves create and maintain an approach to creating a learning culture. Training and development of entrepreneurs should provide a base of knowledge, skills and professional values, which enables them to develop continuously and raise the level of performance.
Keywords:
Entrepreneurship, human resource management, training, business performance
Session Chair
Naim Preniqi
Session Co-Chair
Muhamet Gërvalla
Proceedings Editor
Edmond Hajrizi
ISBN
978-9951-437-96-7
Location
Lipjan, Kosovo
Start Date
31-10-2020 10:45 AM
End Date
31-10-2020 12:15 PM
DOI
10.33107/ubt-ic.2020.308
Recommended Citation
Sejfijaj, Osman and Shehu, Ermira, "Entrepreneurs and Contemporary Human Resource Management Practices - Correlation with Business Performance" (2020). UBT International Conference. 456.
https://knowledgecenter.ubt-uni.net/conference/2020/all_events/456
Entrepreneurs and Contemporary Human Resource Management Practices - Correlation with Business Performance
Lipjan, Kosovo
The study of the relation between entrepreneurship, contemporary HR management practice and firm's performance has occupied a good amount of research during the last decades. The idea underlying this assumption is that contemporary management plays a key role in enhancing two of the main sources of competitive advantage for the businesses: its human resources and its organizational knowledge. Contemporary management plays an important role in developments and moreover must be a valuable supporter to respond to the demands and challenges posed by development, various barriers, crises and the constant changes in the business environment. Developments at the international and national level place demands on entrepreneur’s high expectations for survival, planned and expected results as well as competitive performance of businesses. Human resource capacity building and development, carried out through certification and ongoing mandatory training as part of staff professional development schemes, remains one of the main tasks of these entrepreneurs. Continuing professional training of entrepreneurs in modern management aims to ensure the provision of a service by updating knowledge in the field of entrepreneurship, management and human resources, adapting the skills of process leaders to international standards and the most advanced work practices as high quality as possible, as well as addressing the necessary improvements by communicating the results for each commitment made in their undertaking. Maintaining professional competence, when entrepreneurs have to face major challenges, raises as a necessary requirement that they themselves create and maintain an approach to creating a learning culture. Training and development of entrepreneurs should provide a base of knowledge, skills and professional values, which enables them to develop continuously and raise the level of performance.