THE INTERPLAY OF ENTREPRENEURSHIP, HRM, AND FINANCIAL STRATEGY IN MODERN ORGANIZATIONS
DOI: https://doi.org/10.56815/IJMEBS/2022.i3.12-22
Keywords:
Entrepreneurship, human resource management, financial strategies, startups, economic development, organizational performance, digital economy, innovative practicesAbstract
Abstract: This paper explores the intricate interrelationship between entrepreneurship, human resource management (HRM), and financial strategies, emphasizing their combined impact on the success of startups. It begins by defining key concepts and examining the role of entrepreneurship in economic development, along with the essential functions of HRM in supporting entrepreneurial ventures. The paper highlights the importance of aligning HRM practices with financial strategies, illustrating this relationship through case studies of successful and failed ventures. Additionally, it discusses emerging trends in entrepreneurship, the evolving
role of HRM in the digital economy, and innovative financial strategies. Ultimately, this paper underscores the necessity of a holistic approach for entrepreneurs to foster growth, resilience, and sustainable development in an increasingly competitive landscape.
