THE INFLUENCE OF THE HUMAN CAPITAL IN THE ECONOMIC DEVELOPMENT OF ORGANIZATIONS

Emanoil Muscalu and Silvana Nicoleta Muntean

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2012, vol. 6, issue 1, 211-220

Abstract: Contemporary society, characterized by an accent on the critical evaluation of the resources it possesses, considers performance at the level of the human capital a possibility of problem solving, since it is the only component capable to provide pertinent solutions for the present and high quality strategies for the future. Human capital has been one of the most intensely used and analyzed concepts by economists along time. As any other notion, it has been defined and redefined to fit a great variety of theories and models. If initial economic theories mentioned the human capital by simply referring to it in working terms and considering it absolutely interchangeable, further theories have fundamentally revised this way of thinking. Starting from such observations, we approached here specific aspects which define the human capital concept and analyze its place and role within the organization. Our field research aimed at identifying the main contributions of the human capital when developing organizations and increasing their quality.

Keywords: development; human capital; human resource; organizations. (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:6:y:2012:i:1:p:211-220

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