The InterAct team, in collaboration with colleagues at the ESRC PrOPEL Hub, recently hosted a webinar with keynote speakers Dr Paula Apascaritei and Professor Marta Elvira of IESE Business School, Madrid. The webinar: “Navigating uncertainty: How HRM dynamic capabilities contribute to organisational well-being and performance” was chaired by Professor Colin Lindsay of Strathclyde Business School and the InterAct team.
Dynamic capabilities have been defined as a firm’s ability to integrate, build and reconfigure internal and external resources to address rapidly changing business environments. This means that dynamic and resilient organisations are defined by their capacity to sense and articulate opportunities and threats, seize opportunities, and reconfigure tangible and intangible assets to transform ways of doing business.
How can HRM contribute to dynamic capabilities? Dr Apascaritei and Professor Elvira shared their research on what ‘HRM dynamic capabilities’ might look like in innovative businesses. First, their research points to the need for an HR function that supports ‘knowledge-building’ within and across teams, for example though the creation of real and virtual spaces for employees and managers to collaborate and learn together. Second, they pointed to value of ‘socially integrative’ HR practices, noting the importance of supporting people in different roles to build relationships with colleagues, customers and partners. Lastly, Dr Apascaritei and Professor Elvira pointed to the value of HRM that supports ‘reconfiguring’ capabilities, with an emphasis on cross-skilling and flexible working practices that fit with the innovation priorities of businesses, including in digital manufacturing.
Much of this discussion chimed with ongoing research being conducted by the ‘Future of Work’ team at InterAct. We are working with manufacturing businesses to identify ‘what works’ in people management and learning to maximise the potential of employees at all levels. If you represent a manufacturing organisation interested in learning from and sharing good practice in work organisation and people management for innovation, contact Professor Colin Lindsay – email@example.com – to access our free research and consultancy services.