“Human capital is important because it is a source of innovation and strategic renewal, whether it is from brainstorming in a research lab, daydreaming at the office, throwing out old files, re-engineering new processes, improving personal skills or developing new leads in a sales rep’s little black book. (Bontis, 1998)”.
The greatest commodity and asset that is the make-up of this world is the vast amount of knowledge provided by humans, or simply, human capital. The larger the investment on this commodity the greater return the world will see. The investment of human capital can be an endless variety of investment vehicles ranging from education, genetic makeup, and experiences; all of which will reap massive returns.
Source:
Bontis, Nick (1998). Intellectual capital: an exploratory study that develops measures and models. National Center for Management Research and Development, February 1998 p63-76, 14p
2 comments:
Chris - Do you think that a good intranet helps co-workers share human capital? Thanks
Janet
Human Capital sure sounds like stock commodities on Wall Street, but I do understand the idea behind the "corporate sounding word." Now with all this "Human Capital" does this include the wisdom to use what we know? Is wisdom, or critical thinking really being taught in school to the extent that it is the true scaffold for our constantly changing ideas and thoughts of the world? Facts and experiences change with time, but wisdom and its ability to form what we learn into new paradigms is evolutionary, keeping pace with our growth as a species.
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