Game Theory in Strategic Human Resource DevelopmentAdvances in Human Resource Development (2008)
The problem and the solution .A fundamental approach to strategic human resource development (SHRD) planning is to present human resource development (HRD) investment as a viable solution to advance the organizational interactions. We examine two specific instances of interactions: the interactions between the firm and the employee, and the interactions between HRD and other functional areas within the firm. The prescriptive solution arising from the analyses presented here is a Nash equilibrium encouraging the firm to invest in frequent and continuous HRD. For HRD professionals, the prescriptive solution lies in providing measurable productivity and performance gains to organizational decision makers.
- game theory,
- human resource development
Citation InformationVivek Pandey and T. J. Chermack. "Game Theory in Strategic Human Resource Development" Advances in Human Resource Development Vol. 10 Iss. 6 (2008) p. 834 - 847
Available at: http://works.bepress.com/vivek-pandey/14/