Real options theory and its applications In Strategic Human Resource Management

Abstract
Many Researchers refer to a firm’s human resources as an asset that can provide
value and competitive advantage for it. However, the (SHRM) field has tended to
ignore the fact that involves Human assets investment (including Human,
Intellectual, Social, Emotional, and Spiritual Capital) have associated uncertainties
and risks. The real options view provides a theoretical framework for how firms
manage uncertainties associated with investments in real assets. The problematic of
Theorizers in human resources options had been explained by analyzing some of
the uncertainty cases related to the investment in human assets, and discussing how the
organization manages these uncertainty cases through available options for HRM,
which are capabilities generated by some practices of those resources. This research
discusses these practices and has developed an options model for managing
different types of uncertainties.

Keywords: Human assets’ investment, Real Options Theory, Intellectual, Social, Emotional, and Spiritual Capital, Options of HRM.

https://www.iasj.net/iasj/download/66fcd2ae0194b6a5