The research in human resource management (HRM) field has evolved in past couple decades. By observing human resources (HR) as one of the most important assets in the business, it is obvious that it represents a key to business success or failure. By reviewing the literature, one cannot neglect...

The paper starts from the premise that local development policy could be seen as a tool for effective management and usage of comparative and competitive advantages in space and time. By applying the centralized administrative model in managing society and economy, Bosnia and Herzegovina is not...

According to theoretical approaches to strategic human resource management (SHRM), knowledge about a country’s business culture and the ability to develop appropriate skills are a source of competitive advantage. This article analyses cultural standards in the transition economy of Bosnia and...