Rethinking Sustained Competitive Advantage from Human Capital
指出企业特定人力资本作为竞争优势来源的逻辑存在三个边界条件，并提出一个更全面的框架，强调需求侧和供给侧流动性约束比人力资本的企业特定性更具解释力。
The strategy literature often emphasizes firm-specific human capital as a source of competitive advantage based on the assumption that it constrains employee mobility. We first identify three boundary conditions that limit the applicability of this logic. We then offer a more comprehensive framework of human capital–based advantage that explores both demand- and supply-side mobility constraints. The critical insight is that these mobility constraints have more explanatory power than the firm specificity of human capital.