Knowledge-oriented HRM practices: influence of KM strategy and HRM bundles on organizational performance

Abstract

In the current market conditions with globalized economy and rapid changes companies’ competitiveness is based on their ability to manage knowledge. However, this process incurs some challenges, which can be minimized either by following one KM strategy to avoid any contradictions between HRM practices, or by implementing HRM bundles to attain a synergy effect. The applicability of both solutions was checked on a sample of 240 Russian manufacturing companies. It appeared that too narrow focus on KM strategy and implementation of HRM bundles didn’t lead to better performance results. This indicated that effective way of doing business varies within the countries and, thus, the role of context cannot be neglected in the studies.