Reconceptualizing Human Resource Management by Inclusion of Social Networks – A Theoretical Approach

Abstract

Social networks are everywhere and influence an organization intensively. Through intensification of interaction in the recent years it became essential to look into the social networks from the lens of Human Resource Management. This paper develops a fitting model for the inclusion of social networks through the usage of the concept of path dependence. Thereby HRM is shifting to a dynamic and flexible environment and can lead to stability, creativity and vitality of an organization in the short and in the long term. Furthermore, HRM has not only the ability to react, but to act and establish an entrepreneurial environment of orderly value creation.

Keywords: social networks, human resource management, path dependence