Insights into Regional Development

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Received: 2020-02-20 | Accepted: 2020-03-25 | Published: 2020-06-30

Title

Human resource management effects on sustainability of high-tech companies: what Lithuania and South Korea can learn from each other

Abstract

The literature on the role of intellectual capital on the development of an economy, industry or business is well established (Carnevale and Smith 2013, Lauzikas and Miliute 2017, Kavurmaci 2018, Koehorst et al. 2019, Schoff and Ito, 2019, Koehorst et al. 2019, and etc.). However, the scarcity of holistic transdisciplinary studies regarding factors/ conditions that are critical to unleash the potential of human resources, such as HR Management innovation (Gonera and Pabst 2019, Lee et al. 2019, and etc.), innovation culture (Isaacs et al. 2019, Halim et al. 2019, Sull et al. 2019, Lauzikas and Mokseckienė 2013, Lauzikas and Miliute 2019a, and etc.), creative leadership (Abdi et al. 2018, Jin et al. 2019, Collett et al. 2019, and etc.), modern technologies (Deloitte 2019, Lee et al., Kim et al. 2019, and etc.), new collaboration forms (Kane et al. 2019, Isaacs and Ancona, 2019, Lauzikas and Miliute 2019b, and etc.), social value-added (Wikhamn 2019, Marwede and Herstatt 2019, and etc.) calls for the untapped research potential in the area of Human Resource Management innovation, based on the development stage and peculiarities of cultural and social norms of an economy. The purpose of the present publication is to identify the key drivers of human capital-driven high-tech industries and understand how the Human Resource Management department could help strengthen competitive advantages of high-tech companies in South Korea and Lithuania. The research question is what Human Resource Management innovations are necessary to realign the innovation culture with a specific cultural/ social context and a corresponding economic/ business development stage in order to improve companies' competitive position in light of digital transformation of the market. The qualitative semi structured expert interviews led to assumptions and results which explain how human capital links the culture and innovation and why the percentage of commercialized creative ideas in South Korean companies is higher than in Lithuanian companies. In spite of practical and value adding implications and recommendations to both top management and experts of Governmental policies and programs, a more extensive quantitative research should be provided in the next articles of the same series to feel better the global market trends and understand demographic characteristics that affect the organizational behaviour patterns and HRM decisions.

Keywords

human capital, technologies, HRM, innovation, high-tech, leadership, strategy, sustainability

JEL classifications

M13

URI

http://jssidoi.org/ird/article/38

DOI

DOI 10.9770/IRD.2020.2.2(5)

HAL

HAL hal-02919630

Pages

562-579

Funding

This research was partly supported by the project,which has received funding from the European Union's Horizon 2020 research and innovation programme European Research Council (ERC) under the European Union's Horizon 2020 research and innovation programme Marie Sklodowska-Curie Research and Innovation Staff Exchanges ES H2020-MSCA-RISE-2014 CLUSDEVMED (2015-2019) Grant Agreement Number 645730730

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Laužikas, Mindaugas

Vilnius University Business School, Vilnius, Lithuania https://www.vm.vu.lt

GILE Experts Limited, Paola, Malta http://www.gileexperts.com

Articles by this author in: CrossRef | Google Scholar

Miliūtė, Aistė

Vilnius University Business School, Vilnius, Lithuania https://www.vm.vu.lt

Articles by this author in: CrossRef | Google Scholar

Journal title

Insights into Regional Development

Volume

Number

Issue date

June 2020

Issue DOI

DOI 10.9770/ird.2020.2.2

ISSN

ISSN 2345-0282 (online)

Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Article views & downloads

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References

Abdi, K.; Mardani, A.; Senin, A.A.; Tupentaite, L.; Naimaviciene, J.; Kanapeckiene, L.; Kutut, V. (2018). The Effect of Knowledge Management, Organizational Culture and Organizational Learning on Innovation in Automotive Idustry. Journal of Business Economics and Management, Vol. 19, No. 1, pp. 1-19 https://doi.org/10.3846/jbem.2018.1477