Is Human Capital Ready for Change? A Strategic Approach Adapting Porter’s Five Forces to Human Resources

Livia Anastasiu, Ovidiu Gavriş and Dorin Maier
Additional contact information
Livia Anastasiu: Civil Engineering and Management Department, Technical University of Cluj-Napoca, 400114 Cluj-Napoca, Romania
Ovidiu Gavriş: Civil Engineering and Management Department, Technical University of Cluj-Napoca, 400114 Cluj-Napoca, Romania
Dorin Maier: Civil Engineering and Management Department, Technical University of Cluj-Napoca, 400114 Cluj-Napoca, Romania

Sustainability, 2020, vol. 12, issue 6, 1-20

Abstract: This article argues for adapting Porter’s Five Forces Model to strategic human resources management. The world business environment is facing real challenges: Shortage of talents, ageing of the world population, and disappearance of repetitive jobs. For a sustainable approach, the quality and stability of human capital should be analyzed strategically, based on the influence of five forces which act in the market: Competition in the industrial sector between specialists with core competencies (rivalry), demands of the hiring companies in terms of the number of employees and updated skills (organizations as buyers), recruitment companies and schools (suppliers), effects of globalization on people’s migration (new entrants), and modern technologies and innovation (substitutes). The stronger the forces are, the harder it will be for the organization to select or retain valuable employees who will add value to products/services. Actual and future employees should analyze the intensity of these forces when they plan to prepare for jobs or change their career. This analysis was focused mainly on the manufacturing sector, where jobs based on repetitive or dangerous tasks may disappear in time.

Keywords: strategy; sustainability; human capital; five forces Porter (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.mdpi.com/2071-1050/12/6/2300/pdf (application/pdf)
https://www.mdpi.com/2071-1050/12/6/2300/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:12:y:2020:i:6:p:2300-:d:332835

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().