scholarly journals Investing in Human Capital as a Key Factor for the Development of Enterprises

10.5772/67741 ◽  
2017 ◽  
Author(s):  
Josef Drábek ◽  
Silvia Lorincová ◽  
Jana Javorčíková
Keyword(s):  
Human Capital ◽  
Key Factor

Innovative Techniques and Strategies of Skill Building for Human Resource Development in SMEs, India

2016 ◽  
Vol 2 (2) ◽  
Author(s):  
Arti Awasthi
Keyword(s):  
Human Capital ◽  
Human Resource Development ◽  
Skill Development ◽  
Education And Training ◽  
Global Competitiveness ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Key Factor ◽  
Skill Building ◽  
And Training

India has gradually evolved as knowledge based economy due to the abundance of capable, flexible and qualified human capital. With the constantly rising influence of globalization, India has immense opportunities to establish its distinctive position in the world. However, there is a need to further develop and empower the human capital to ensure the nations global competitiveness. Despite the empathetic stress laid on education and training in this country, there is still a shortage of skilled manpower to address the mounting needs and demands of the economy. Skill building can be viewed as an instrument to improve the effectiveness and contribution of labor to the overall production. It is as an important ingredient to push the production possibility frontier outward and to take growth rate of the economy to a higher trajectory. This paper focuses on skill development in Small and Medium Enterprise (SMEs) which contribute nearly 8 percent of the country's GDP, 45 percent of the manufacturing output and 40 percent of the exports. They provide the largest share of employment after agriculture. They are the nurseries for entrepreneurship and innovation. SMEs have been established in almost all-major sectors in the Indian industry. The main assets for any firm, especially small and medium sized enterprises are their human capital. This is even more important in the knowledge based economy, where intangible factors and services are of growing importance. The rapid obsolescence of knowledge is a key factor of the knowledge economy. However, we also know that for a small business it is very difficult to engage staff in education and training in order to update and upgrade their skills within continuous learning approach. Therefore there is a need to innovate new techniques and strategies of skill development to develop human capital in SME's.

Leadership and Sustainability

2018 ◽  
pp. 28-49
Author(s):  
Fatma Ince
Keyword(s):  
Human Capital ◽  
Generational Differences ◽  
Management System ◽  
Sustainable Leadership ◽  
Family Enterprise ◽  
Key Factor ◽  
Family Smes ◽  
Creativity And Innovation

This chapter on leadership and sustainability from the first to the second generations of SME Ownership addresses both the leadership and sustainability from the perspective of different generations in family SMEs. Because, sustainable leadership is seen as a key factor of the competitiveness in a family enterprise. Without effective and efficient human capital, the SMEs cannot gain the goals such as growth, internationalization and increasing performance. Generational differences in SMEs may improve the creativity and innovation, providing that the established appropriate management system and strategy. From this viewpoint, this chapter provides an overview of generations, leadership, sustainability and competitiveness about SMEs

Standards for Skill Training and Development

2009 ◽  
pp. 810-816
Author(s):  
Lichia Yiu ◽  
Raymond Saner
Keyword(s):  
Human Capital ◽  
Skill Training ◽  
Formal Schooling ◽  
Management Tools ◽  
Firm Level ◽  
Skill Levels ◽  
Ongoing Training ◽  
Continued Education ◽  
Key Factor ◽  
The Government

Human capital is seen as one of the key factor conditions contributing to national competitiveness and economic performance (Porter, 2002). Productivity performance of OECD countries tends to correspond to the skill levels of the workforce in specific countries. Hence, governments increasingly view human capital formation, both quantity and quality of workforce, as one of the key levers in ensuring sustained productivity gains and standard of living. Skill development of the workforce requires major investments beyond formal schooling. It demands ongoing training investment in continued education and workplace training in order to help the workforce keep pace with technological innovations and continued adoption of new technology in the workplace. Private and public partnership in this context dictates both the government and private companies and organizations participate in the training effort. Investment in training requires effective and efficient methods, which in turn calls for sound and robust management tools and standards at the micro (firm) level to ensure continuity and sustained efforts. This article examines two training related standards, “Investors in People” (IIP) and ISO 10015, in order to identify similarities and differences of these two instruments.

scholarly journals The Measurement of Human Capital Methods

2016 ◽  
Vol 16 (1) ◽  
pp. 37-49 ◽  
Author(s):  
Ireneusz Miciuła
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Crucial Importance ◽  
Practical Application ◽  
Socio Economic Development ◽  
Key Factor ◽  
Methods Of Measurement

Abstract Nowadays, knowledge and technology is a key factor supporting socio-economic development. Human capital gained crucial importance for the development, and became a major factor of the success. This paper attempts to expose the nature and components of human capital. The aim of this paper is to present the specificity and components of human capital, and to discuss the methods of measurement and the dilemmas of their practical application. Nowadays, the advantage is achieved thanks to unique and difficult to copy resources. One such resource is human capital, whose identification and measurement becomes a key task for both countries and companies.

scholarly journals Enhancing economic development via the increase of the quality of education

2020 ◽  
Vol 8 (2) ◽  
Author(s):  
Katalin Nagy
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Human Capital ◽  
Economic Development ◽  
Educational Development ◽  
Quality Of Education ◽  
Know How ◽  
Sustainable Economic Development ◽  
Key Factor

Sustainable economic development is one of the most important mission of economic policy. More analysis demonstrate that the key factor is the investment of human capital, which means a correlation between economic growth and quality of education. In this study we overview, how human capital and educational development effect to the economic growth, and how is it possible to quantify the results. We also get to know how the degree of development influenced by the quality of education.

scholarly journals Improving Human Capital through Better Education to Support Indonesia’s Economic Development

2015 ◽  
Vol 61 (2) ◽  
pp. 92
Author(s):  
Latif Adam ◽  
Siwage Dharma Negara
Keyword(s):  
Human Capital ◽  
Skill Training ◽  
Youth Unemployment ◽  
Training System ◽  
Master Plan ◽  
Human Capital Development ◽  
Current State ◽  
Key Factor ◽  
Capital Development

AbstractDespite Indonesia’s impressive economic growth, it still lags behind other countries with a similar income level in terms of the quality of its human capital. This paper argues that one key factor explaining this low quality of human capital relates to the lack of focus and clear strategies to develop its education system. This paper attempts to assess Indonesia’s current state of human capital development with particular focus on its education sector. In order to benefit from its demographic bonus, Indonesia needs to to improve its current education and skill training system. Better education and skill training system will support the country’s effort to reduce poverty and youth unemployment. The effectiveness of public spending in education should be improved to raise the quality of education. Indonesia needs to integrate its human capital development plan with its economic master plan.Keywords: Human Capital; Poverty; Unemployment; Education; DevelopmentAbstrakMeskipun mencatatkan pertumbuhan ekonomi yang mengagumkan, kualitas sumber daya manusia Indonesia masih tertinggal dibandingkan negara lain dengan tingkat penghasilan setara. Tulisan ini berpendapat bahwa faktor kunci yang menjelaskan rendahnya kualitas sumber daya manusia berhubungan dengan ketiadaan strategi yang terfokus dan jelas untuk mengembangkan sistem pendidikan Indonesia. Tulisan ini menilai kondisi kekinian dari pengembangan sumber daya manusia Indonesia dengan fokus khusus pada sektor pendidikan. Agar dapat mengoptimalkan manfaat dari bonus demografi, Indonesia perlu membenahi sistem pendidikan dan pelatihan keterampilan. Sistem pendidikan dan pelatihan keterampilan yang lebih baik akan menunjang upaya pengentasan kemiskinan dan pengurangan pengangguran muda. Efektivitas pengeluaran pemerintah di sektor pendidikan perlu ditingkatkan guna meningkatkan kualitas pendidikan. Indonesia perlu mengintegrasikan rencana pembangunan sumber daya manusia dengan master plan perekonomian.Kata kunci: Sumber Daya Manusia; Kemiskinan; Pengangguran; Pendidikan; PembangunanJEL classifications: I25; O15

scholarly journals PENGUNGKAPAN INFORMASI HUMAN CAPITAL DAN HARGA SAHAM: STUDI PADA HIGH INTELLECTUAL CAPITAL (IC) INTENSIVE INDUSTRIES DI BURSA EFEK INDONESIA

2018 ◽  
Vol 14 (2) ◽  
pp. 113
Author(s):  
Andreas Sugianto ◽  
Felizia Arni Rudiawarni
Keyword(s):  
Human Capital ◽  
Intellectual Capital ◽  
Stock Prices ◽  
Information Disclosure ◽  
Stock Price ◽  
Disclosure Of Information ◽  
Key Factor ◽  
The Relationship ◽  
Positive Effect ◽  
Is Value

In the accounting’s world, human capital is a part of an intellectual capital (IC) in a group of intangible assets. Human capital began to be recognized as a key factor of a competitive advantage. Disclosure of information related to human capital also contribute to the reduction of asymmetric information between firms and their investors. This study aims to describe the relationship between human capital information disclosure and stock price. The object of this study are firms in the high Intellectual Capital (IC) intensive industry that disclose information about their human capital.  This study finds that the disclosure of human capital has positive effect on stock prices, particularly the disclosure of information regarding the qualifications and competence of human capital. In other words, the information about human capital is value relevant.

scholarly journals SMART SPECIALIZATIONS IN THE STRATEGIES OF MEDIUM-SIZED CITIES. EXPERIENCES OF THE ŚWIĘTOKRZYSKIE PROVINCE

2020 ◽  
Vol 6 (5) ◽  
pp. 1-7
Author(s):  
Andrzej Pawlik ◽  
Paweł Dziekański ◽  
Urszula Karpińska
Keyword(s):  
Human Capital ◽  
Industrial Policy ◽  
Innovation Policy ◽  
Smart Growth ◽  
Regional Level ◽  
Growth Strategies ◽  
Narrow Sense ◽  
Key Factor ◽  
Smart Specialization

Smart specialization strategies, which at the regional level are to serve the implementation of smart growth strategies, are an extremely important tool of innovation policy and strategies. Innovation policy should incorporate elements of scientific, technological and industrial policy. In a narrow sense, innovation policy is a set of documents: strategies, programs, directives, reports, measures and assessments that are supposed to shape it. The article formulates the thesis that without improving the key factor – economic, quality of human capital and social constituting their specific potentials – the implementation of the concept of smart specializations is not possible in weak cities and voivodeships. The aim of the study is to present strategic documents and potentials facilitating the process of selecting and developing smart specializations based on the experience of the region and its medium-sized cities.

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