Importance of identifying and analyzing business development needs for economic survival and sustainable development through human capital

Joe Duke
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Joe Duke: Department of Business Management, University of Calabar, Nigeria

E3 Journal of Business Management and Economics., 2011, vol. 2, issue 4, 147-155

Abstract: A business firm’s ability to effectively take advantage of new business opportunities depends to a large extent on the quality of its human capital. For a firm to improve or increase its stock of human capital, it needs to continue to develop its human resources. This paper demonstrates theoretically that there is a strong connection between firms’ ability to identify and analyze business development needs, using their stock of human capital, and the achievement of economic survival and sustainable development of a nation. The paper makes a case for sufficient emphasis on the funding of the drivers of human capital development – education and health - if developing nations, like Nigeria, should transit into world class economies in the near future.

Keywords: Human capital; Human resources; Business development; Sustainable development. (search for similar items in EconPapers)
Date: 2011-10
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Persistent link: https://EconPapers.repec.org/RePEc:etr:series:v:2:y:2011:i:4:p:147-155

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