Achieving competitive success through people involves fundamentally altering how we think about the workforce and the employment relationship. It means achieving success by working with people, not by replacing them or limiting the scope of their activities. It entails seeing the workforce as a source of strategic advantage, not just as a cost to be minimized or avoided. Firms that take this different perspective are often able to successfully outmaneuver and outperform their rivals.
Source: Jeffrey Pfeffer, Academy of Management Executive, 1995, Vol. 9, No. 1; Adapted from Competitive Advantage through People (1994)