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High Performance Work System: A Competitive Advantage Chronicle for Management
Abstract
A modern management strategy called a High-Performance Work System (HPWS) seeks to maximise an organization's human potential and skills to improve performance. This management paradigm breaks from conventional, hierarchical management techniques. The salient characteristics and guiding ideas of high-performance work systems are employee centricity, teamwork, regular performance improvement, flexibility, customer focus, strategic alignment, performance-based compensation and information sharing, to name a few. HPWS is associated with the idea that organizations can gain a competitive advantage (Alkhatib & Valeri, 2022) by creating a work environment where employees are engaged, motivated, and productive. This new era of management acknowledges that traditional top-down, command-and-control structures may not be as effective in today's dynamic and knowledge-based economy. Implementing a High-Performance Work System involves a holistic approach with the ultimate goal of achieving superior organizational performance and competitiveness.
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