There is increasing empirical evidence that creative destruction, driven by experimentation and the adoption of new products and processes when investment is sunk, is a core mechanism of development. Obstacles to this process are likely to be obstacles to the progress in standards of living....

There is increasing empirical evidence that creative destruction, driven by experimentation and the adoption of new products and processes when investment is sunk, is a core mechanism of development. Obstacles to this process are likely to be obstacles to the progress in standards of living....

Human Resource Management (HRM) is associated with management of people in every organization. The arena of organizational management has undergone transformation since the inception of technological advancement. Like every other area of management Human Resource Management (HRM) has also been...