Strategic Human Resource Management Practices and Organizational Innovation: Evidence from Small and Medium Enterprises in India
DOI:
https://doi.org/10.47604/ijsm.2481Keywords:
Strategic Human Resource Management Practices, Organizational InnovationAbstract
Purpose: The aim of the study was to investigate the strategic human resource management practices and organizational innovation: evidence from small and medium enterprises in India.
Methodology: This study adopted a desk methodology. A desk study research design is commonly known as secondary data collection. This is basically collecting data from existing resources preferably because of its low cost advantage as compared to a field research. Our current study looked into already published studies and reports as the data was easily accessed through online journals and libraries.
Findings: Research on SHRM practices and organizational innovation in Indian SMEs indicates a positive relationship between SHRM adoption and innovation outcomes. Training initiatives are particularly vital, enhancing innovation capabilities by building human capital. Additionally, fostering a supportive organizational culture promotes creativity and experimentation. Aligning HRM strategies with organizational goals and promoting continuous learning further enhances innovation performance. Overall, SHRM practices play a critical role in driving innovation and competitive advantage in Indian SMEs (Agarwal & Yadav, 2018).
Unique Contribution to Theory, Practice and Policy: Resource-based view (RBV) theory, social exchange theory & dynamic capabilities theory may be used to anchor future studies on the strategic human resource management practices and organizational innovation: evidence from small and medium enterprises in India. Develop tailored HRM training programs for SMEs in India, focusing on building capabilities related to creativity, problem-solving, and innovation among employees. Advocate for government policies that promote investment in human capital development and innovation capabilities among SMEs.
Downloads
References
ABES. (2018). Panorama of the Brazilian software industry. Retrieved from https://abessoftware.com.br/
Agarwal, S., & Yadav, R. (2018). Influence of workforce diversity on organizational innovation: A case study of SMEs in India. Journal of Diversity Management, 13(3), 45-63.
Barney, J. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99-120.
Central Bank of Nigeria. (2021). Annual report 2020. Retrieved from https://www.cbn.gov.ng/
Chatterjee, D., & Goyal, S. (2017). Impact of knowledge management practices on innovation performance: Evidence from small and medium enterprises in India. Journal of Knowledge Management, 21(3), 553-572.
Dubey, R., & Singh, A. (2016). Effect of employee empowerment on organizational innovation: A study of SMEs in India. Journal of Entrepreneurship, Management and Innovation, 12(1), 95-115.
Emerson, R. M. (1976). Social exchange theory. Annual Review of Sociology, 2(1), 335-362.
Gupta, S., & Sharma, R. (2018). Role of leadership styles in promoting innovation in small and medium enterprises: A case study in India. Journal of Entrepreneurship, Business and Economics, 6(1), 1-15.
INEGI. (2021). Annual report 2020. Retrieved from https://www.inegi.org.mx/
Japan Patent Office. (2019). Annual report 2019. Retrieved from https://www.jpo.go.jp/
Kenya National Bureau of Statistics. (2020). Economic survey 2020. Retrieved from https://www.knbs.or.ke/
Ministry of Agriculture and Rural Development, Vietnam. (2021). Agriculture statistics 2020. Retrieved from https://www.agroviet.gov.vn/
NASSCOM. (2021). Strategic review 2021. Retrieved from https://www.nasscom.in/
Patel, A., & Jain, P. (2017). Impact of training and development on organizational innovation in Indian SMEs. Journal of Innovation & Knowledge, 2(4), 196-204.
Sharma, A., & Singh, R. (2019). Impact of employee involvement practices on organizational innovation: Evidence from Indian SMEs. International Journal of Human Resource Management, 30(12), 1927-1946.
Teece, D. J., Pisano, G., & Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic Management Journal, 18(7), 509-533.
Vietnam E-commerce Association. (2021). E-commerce trends 2020. Retrieved from https://vecita.gov.vn/
WIPO. (2021). World intellectual property indicators 2020. Retrieved from https://www.wipo.int/
World Travel & Tourism Council. (2021). Economic impact of travel & tourism 2021. Retrieved from https://wttc.org/
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Radha Kapoor
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution (CC-BY) 4.0 License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.