Designing and explaining the process model of human resource value creation in knowledge-based companies

Subject Areas : Industrial Management

ALI AHMADI ¹ ( Management Department, , Borujerd Branch, Islamic Azad University, Borujerd, Iran )
Mohammad Reza Rabiee Mondejin ² ( Department of Public management, Central Tehran Branch, Islamic Azad University, Tehran, Iran )
zeynolabdin Aminisabegh ³ ( Department of Management, Faculty of Humanities, Saveh Branch, Islamic Azad University, Saveh, Iran )
Ehsan Sadeh ⁴ ( Department of Management, Faculty of Humanities, Saveh Branch, Islamic Azad University, Saveh, Iran )

Received: 2020-08-15 Accepted : 2020-10-28 Published : 2020-11-09

Keywords: knowledge companies, data theory of the foundation, Value creation of human resources,

Abstract :

The aim of this study was to design a process model for human resource value creation in knowledge companies. Research is mixed in terms of applied purpose, exploratory in terms of approach, and qualitative-quantitative in terms of data analysis. In the qualitative phase of the research and in order to design a model based on the data theory methodology of the foundation, a group of experts (university professors, executives, and consultants) in the field of human resource management and knowledge-based companies were selected and interviewed in depth. In this phase, the snowball sampling method was used and this process continued until the theoretical saturation was reached and a total of 16 interviews were conducted. In the quantitative phase, the managers of knowledge-based companies in science and technology parks of Lorestan, Markazi and Hamedan provinces were considered as a community and among them, 175 people were selected as a statistical sample based on random stratified sampling to proportional sharing. In the qualitative phase of the research, because the data theory theory method was used, the data collection tool was unstructured interviews with experts. In the quantitative phase of the research, the main tool of data collection was a researcher-made questionnaire consisting of 58 items that was designed based on the initial conceptual model. In the quantitative phase, SPSS, Lisrel and smartPLS software were used for descriptive and inferential analysis.

References:

1. Abbasifard, Mohammad. (2011). Investigating the Impact of Human Resources Accounting System on Managers' Decision Making and Employee Behavior. Quarterly Journal of Management and Human Resources in the Oil Industry, (14), 144-117.


2. Alami, Massoud & Faraji, Vahid Reza. (2015). Challenges of Human Resource Management. Asian Journal of Economics, No. 23, 525-534.


3. Albance, Robert. (1975). Management, Toward Accounting and Performance.p.5.


4. Badavar Nahandi, Younes & Safarpour, Mehri. (2017). Conceptual approach on value-based performance appraisal, 4^th International Congress of New Research in Management, Accounting and Economics Studies, Shiraz, Iran.


5. Brahui Pirnia, Bahare; Badamki, Fatemeh & Ghorbani, Elham. (2016). A Study of Human Resource Valuation Models, The First International Conference on New Research Achievements in Management, Accounting and Economics, Tehran, Office of the International Confederation of World Inventors in Iran, Minoo University of Applied Sciences.


6. Campbell, Macpherson. (2017). Unlocking the value of HR to drive a change-ready culture. Strategic HR Review, (16) 4, 171-176.


7. Chi Lee, Chia., Yi Cheng, Pei.(2018). Effect of the critical human resource attributes on operating performances. Chinese Management Studies:Human resource attributes, (12) . 2, 407-432.


8. Cunha, Miguel Pina E., Vieira, Daniel Veiga., Rego, Arménio., Clegg, Stewart. (2018).Why does performance management not perform? International Journal of Productivity and Performance Management, (67) 4, 673-692.


9. Dadgarpour, Tayyeba. (2015). The importance of human resource management in organizations. 1^st international conference on industrial engineering, management and accounting, electronically, Alborz Research Institute, https://www.civilica.com/Paper-MAIE01-MAIE01_411.html.

10. De Menezes, Lilian M., Wood, Stephen. (2015).Quality management, job-related contentment and performance: An empirical analysis of British workplaces, Evidence-based HRM. A Global Forum for Empirical Scholarship, (3)2, 106-129.

11. Dominguez, A.A. )2011(. The Impact of Human Resource Disclosure on Corporate Image. Journal of Human Resource Costing & Accounting, (15) 4, 279 - 298.

12. Esmaili, Mahmoud Reza, Sa'edi, Abdullah & Shariatnejad, Ali. (2019). Analyzing the relationship between managers’ strategic competencies with human resource value creation using the IRP approach. Strategic Management Thought, 13(1-25), 321-346.

13. Flamholtz, Eric. (1999). Human Resource Accounting: Advances in Concepts, Methods and Applications. Springer US Publishing.

14. Gashi, Ljuan Marko., Željko, Požega., Boris, Crnković. (2017). Employees’ individual values as a source of human capital. Economic Research-Ekonomska Istraživanja, (3) 1, 1057-1072.

15. Goodell King, Kylie.(2017). Measuring teamwork and team performance in collaborative work environments, Evidence-based HRM. A Global Forum for Empirical Scholarship, (5)2, 196-205.

16. Haji Shahverdi, Donya & Tajdini, Mehdi. (2016). Implementation of human resource accounting based on adjusted present value (Hermanson's Model), 2^nd International Conference on Management, Economics and Development, Tehran, Kian Pajouhan Scientific Institute.

17. Dehghani Ashkazari, Mohammad Reza & Rasta, Abolfazl. (2013). Creating value for human resources with the approach of creativity and innovation, the first national conference on business management, Hamedan, Tolo Farzin Science and Technology Company, Bu Ali Sina University.

18. Hall, John Henry. (2018). Value creation measures: an industry-based study. International Journal of Productivity and Performance Management, (67) 2, 426-444.

19. Hermanson, RH. (1986). Accounting for Human Assets. Research Monograph (99),112-131.

20. Koller, T. (1994). What is value-based management? [online]Available at: www.ibrahimm.com.

21. Lewis, K. (2003). Measuring transactive memory systems in the field: scale development and validation. Journal of Applied Psychology, (88)4, 587.

22. Mehdipour, Sahar; Alizadeh Thani, Mohsen; Yahya Zadeh Far, Mahmoud. (2015). Human Resources Valuation Techniques. 2^nd International Conference on Management Tools and Techniques, Tehran, Narkish Information Institute.

23. Merrilees, Bill., Miller, Dale., Raisa, Yakimova. (2017). The role of staff engagement in facilitating staff-led value co-creation. Journal of Service Management, (28), 2, 250-264.

24. Meshki, Mehdi; Aminpour, Aria; Gholami Hassan Kiadeh, Farid. (2015). Accounting and Human Resources Valuation. 1^st International Conference on Management and Accounting with Value Creation Approach, Tehran, Islamic Azad University, Fars Science and Research Branch.

25. Mohammadi Baladzaei, Rahim. (2017). The Superiority of Human Capital over Human Resources. Mashal Weekly, No. 867.

26. Mousavi Jed, Seyed Mohammad; Ghafouri, Jalil; Mohammadi, Haidar & Ahmad Aziz, Javan.(2018). A Study of the Relationship between Human Resource Flexibility and Value Creation in the Organization. 12^th National Congress of Pioneers of Progress, Tehran.

27. Mutindi Mzera, U. J. (2013).The role of value-based management tools on the performance of firms listed in the Nairobi Securities Exchange. International Journal of Business Administration, 4(1), 92-104.

28. Namazi, M., Jamei, R. (2011). The Effect of Human Resource Accounting (Costing) Information on Construct of the Balanced Scorecard System of Listed Companies in the Tehran Stock Exchange (TSE) Market. Journal of Financial Accounting Research, 2(4), 21-44.

29. Nemati, Somayeh; Khaif Elahi, Ahmad Ali; Danaeifard, Hassan. (2017). Designing a Model for Measuring Human Resource Value Creation in the Public Sector. Management Research in Iran, 21(2), 178-157.

30. Parrotta, P., Pozzoli, D. and Pytlikova, M. (2014). The nexus between labor diversity and firm’s innovation. Journal of Population Economics, )27( 2, 303-364.

31. Patrick, Kampkötter,. Jens, Mohrenweiser,. Dirk, Sliwka,. Susanne, Steffes,. Stefanie, Wolter. (2016). Measuring the use of human resources practices and employee attitudes: The Linked Personnel Panel, Evidence-based HRM. A Global Forum for Empirical Scholarship, 2 (4), 94-115. 

32. Qahramani, Ghulam Hassan. (2015). Intellectual Capital and Human Resource Management. Stock Exchange Magazine, No. 122, 84-88.

33. Rahmati, Vajiha & Darouian, Soheila. (1392). Relationship between Human Resource Accounting and Human Resource Management. Labor and Society Monthly, No. 160, 4-16.

34. Rana, K., Maheshawari, S.k. (2005). A marginal monetary worth human valuation Model. Scientific Journal of Administrative Development, 3, 72-92.

35. Razman, Ali; Saboohi Laki, Behrooz & Morshedi, Mehdi. (2017). Value creation with emphasis on the organization's investment in human resources. The Scientific Conference on Management, Applied Economics and Trade, Shiraz, Kharazmi Higher Institute of Science and Technology.

36. Safari, Ali; Farrokhi, Mojtaba & Salehzadeh Reza. (2015). Pathology of Human Resource Systems. Journal of Research in Human Resources Management, 7(1), 83-111.

37. Sajjadi, Seyed Hossein; Khansari, Niko & Ghorbani, Ramin. (2016). Investigating the Impact of Company Strategic Mechanisms on Value Creation with Emphasis on Value Based Management Approach. Applied Research in Financial Reporting, 5 (3), 23-46.

38. Sangwan, Kuldip Singh., Bhakar, Vikrant., Digalwar, Abhijeet K.(2018).Sustainability assessment in manufacturing organizations. Development of assessment models, Benchmarking: An International Journal, (25) 3, 994-1027.

39. Sepahvand, R. (2014). The role of investment in human resources, with emphasis on the value of the human capital. Management Studies in Development and Evolution, 23(76), 117-140.

40. Shafiee Rudposhti, Meysam & Bahrami, Fereshteh. (2016). Designing a manpower valuation model in Yazd University with the approach of human resources. Management in Islamic University, 5, (2), 395-416.

41. Shafiee Rudposhti, Meysam. (2017). Valuation of human resources using human resources accounting approach, Tehran: Mehraban Publishing Institute.

42. Sheikh, Rahima. (2013). Identify human resource accounting indicators based on the valuation approach. (M.A Thesis), Management department, Faculty of Management, University of Tehran.

43. Shirazi, A., Hosseini Robat, S. (2015). Analysis of Impact of Human Resource Management’s Practices Over Employee’s Retention. Journal of Development & Evolution Management, 1393(19), 11-18.

44. Soltanee, M., Sheikh, R. (2014). Prioritizing Human Resource Accounting Criteria Based on Valuation Approach in Industrial Equipment and Machinery Industry. Organizational Culture Management, 12(2), 213-233.

45. Tofangsaz, Arash. (2017). Investigating the Feasibility of Measuring the Value of Human Resources in Banks (Case Study: Bank Shahr), 3^rd  Annual Conference on Management and Business Economics, Tehran, Research and Management Research Institute of Culture and Arts.

46. Zohori, Qasim. (2005). Management. Vol. 1, Koosha Mehr Publications.