This is mainly caused by the size of these enterprises and the related increased focus on assurance of their very existence. A number of studies have tested the different frameworks and found contradictory results.
A strategic approach to human resource management is an approach that links the human resource management policies with the strategic objectives of the firm.
California Management Review, 40 296?
Despite the importance accorded to SMEs as well as their contribution to economic growth, Onugu argues that the performance of SMEs in Nigeria has been below expectations.
But there is also some problem of HRM practices. Business failure often comes as a result of a number of factors. Human resource management models for entrepreneurial opportunity: Existing knowledge and new directions.
Academy of Management Journal, 39 4? P,and S.
Thirdly, it is important to look at the economy situation in UK. In this study, high group culture means that a strong team works and effective working environment, which is usually created by strong HRM.
Employee benefits in SME, in order of frequency own survey. In the opinion of the respondents, the most important process out of the selected corporate processes included product manufacture and service provision, with companies allocating the top rank to this process in the importance ranking, 96 companies ranking sales and trade first, 19 respondents mentioned quality management, 16 respondents considered as most important finance management, 15 respondents mentioned marketing, 9 human resource management, 7 corporate social responsibility and 4 companies placed in-house information systems at the top of the importance ranking.