Abstract
The current study examines the impact of human capital
development (HCD) on strategic renewal (SR) of firms in
hospitality industry of Khyber Pakhtunkhwa. In addition, the
current study also examined the mediating role of ambidextrous
learning (AL) and the moderating role of dynamic capabilities
(DC) between HCD and SR relationship. Data were collected from
490 managers/owners of 3-stars and 4-stars hotels through
questionnaires operating in the tourist destinations of Khyber
Pakthunkhwa, Pakistan. Data analysis was performed through
various statistical techniques which provides some interesting
results. The results indicate that HCD is positively associated with
SR. Moreover, AL bridges the association between HCD and SR.
Furthermore, the results stated that DC has a strong contingent
effect on the relationship between HCD and SR. The findings
reveal that HCD in presence of AL plays a critical role in SR of the
hospitality in Khyber Pakhtunkhwa.
