Original scientific paper
https://doi.org/10.30924/mjcmi.28.1.4
Does competitive strategy moderate the linkage between HRM practices and company performance
Xhavit Islami
orcid.org/0000-0002-6653-4166
; AAB College in Pristina
Marija Topuzovska Latkovikj
; Ss. Cyril and Methodius University in Skopje - Institute of Sociological, Political and Juridical Research
Ljubomir Drakulevski
orcid.org/0000-0002-1116-5404
; Ss. Cyril and Methodius University in Skopje, Blvd
Mirjana Borota Popovska
; Ss. Cyril and Methodius University in Skopje - Institute of Sociological, Political and Juridical Research, Partizanski Odredi
Abstract
The purpose of this study is to examine the moderating role of competitive strategies (CS) in the relationship between HRM practices and company performance (CP). Although the existing literature adequately addresses HRM practices and CS, there is limited empirical evidence linking internal resources and strategies with CP. Therefore, using the contingency approach, this study uncovers the role of CS in realizing the potential impact of HRM practices on CP. The data used to test, explore, and develop the moderating role of CS were collected from 157 manufacturing companies and analyzed using hierarchical linear regression. The results show a positive effect of HRM practices and CS on CP. The results also show that cost leadership strategy and differentiation strategy moderate the relationship between HRM practices and CP. The theoretical and managerial implications of these results are discussed.
Keywords
HRM practices; Differentiation strategy; Cost leadership strategy; Competitive strategies; Company performance
Hrčak ID:
303127
URI
Publication date:
31.5.2023.
Visits: 656 *