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Jeffrey Pfeffer - Competitive advantage through people: unleashing the power of the work force

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Competitive Advantage Through People explores why - despite long-standing evidence that a committed work force is essential for success - firms continue to attach little importance to their workers. The answer, argues Pfeffer, resides in a complex web of factors based on perception, history, legislation, and practice that continues to dominate management thought and action. Yet, some organizations have been able to overcome these obstacles. In fact, the five common stocks with the highest returns between 1972 and 1992 - Southwest Airlines, Wal-Mart, Tyson Foods, Circuit City, and Plenum Publishing - were in industries that shared virtually none of the characteristics traditionally associated with strategic success. What each of these firms did share is the ability to produce sustainable competitive advantage through its way of managing people. Pfeffer documents how they - and others - resisted traditional management pitfalls, and offers frameworks for implementing these changes in any industry.

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title Competitive Advantage Through People Unleashing the Power of the - photo 1

title:Competitive Advantage Through People : Unleashing the Power of the Work Force
author:Pfeffer, Jeffrey.
publisher:Harvard Business School Press
isbn10 | asin:087584717X
print isbn13:9780875847177
ebook isbn13:9780585093123
language:English
subjectPersonnel management--United States, Organizational behavior--United States, Competition--United States.
publication date:1994
lcc:HF5549.2.U5P5 1994eb
ddc:658.3/14
subject:Personnel management--United States, Organizational behavior--United States, Competition--United States.
Competitive Advantage Through People
Unleashing the Power of the Work Force
Jefferey Pfeffer
Stanford University
Graduate School of Business
HARVARD BUSINESS SCHOOL PRESS
Boston, Massachusetts
First published in the United States by the Harvard Business School
Press in hard cover, 1994; in paperback, 1995
Copyright 1994 by Jeffrey Pfeffer
All rights reserved
Printed in the United States of America
99 98Picture 2543Picture 3(pbk.)
LIBRARY OF CONGRESS CATALOGING-IN-PUBLICATION DATA
Pfeffer, Jeffrey.
Competitive advantage through people: unleashing the power
of the work force / Jeffrey Pfeffer.
p. cm.
Includes bibliographical references and index.
ISBN 0-87584-413-8 (hc)
ISBN 0-87584-717-X (pbk)
1. Personnel managementUnited States. 2. Organizational
behaviorUnited States. 3. CompetitionUnited States.
1. Title.
HF5549.2.U5P5 1994
658.3'14dc20Picture 4Picture 5Picture 6Picture 793-26599
Picture 8Picture 9Picture 10Picture 11Picture 12Picture 13CIP
The paper used in this publication meets the requirements of the American National Standard for Permanence of Paper for Printed Library Materials Z39.49-1984.
CONTENTS
Acknowledgments
vii
Part I Performance through People
1. Sources of Sustained Success
3
2. What Effective Firms Do with People
27
3. The Evidence for Slow Learning and Unrealized Potential
67
Part II Barriers to Doing the Right Thing
4. Wrong Heroes, Wrong Theories, Wrong Language
93
5. Overcoming History
117

Page vi
Picture 14
6. Labor Laws, Lawyers, and Litigation: Friends or Foes of Work Place Change?
137
Picture 15
7. Employee Organizations: Their Effects and Role in Work Place Reform
159
8. Resistance from Within
183
Part III Prospects for Change
9. The Promise of the Quality Movement
205
10. Making the Change
223
Notes
255
Index
273

Page vii
ACKNOWLEDGMENTS
This book has only one author, but many people have provided tremendous encouragement and assistance in its development. When Jim Baron joined the Stanford faculty in 1982, in addition to teaching our core course in organizational behavior, he wanted to develop an elective. "Why not do something that incorporates your research in organizations and labor markets?" I said. The elective he first taught, which I subsequently taught and which he now teaches again, will soon be part of our core curriculum. The absence of a good text for the course prompted me to write this book. Over the years, he and I have spent numerous hours talking about issues in the management of a firm's human resources. Not only has he been a great colleague, but he took a first draft of this manuscript on a trip to Singapore and provided detailed comments on his return. He, and the students I have taught in the course, have helped me clarify my thinking enormously.
A number of friends provided useful commentary on early drafts of the manuscript. Beth Benjamin once again took time away from her
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