Effects Of Human Resource Management Practices On Financial Performance Of Selected Agricultural Firms In The Sugar Industry

ABSTRACT Human resources are the source of achieving competitive advantage because of its capability to convert the other resources (money, machine, methods and material) in to output (product/service). The competitor can imitate other resources like technology and capital but the human resource are unique. People are one of the most important factors providing flexibility and adaptability to organizations. People (managers), not the firm, are the adaptive mechanism in determining how the firm will respond to the competitive environment. This study was guided by resource based theory. The stu…