Investing in people and business performance - Human capital theories
13 important questions on Investing in people and business performance - Human capital theories
In which 2 diciplines does HC theory ground?
What can be said about the Human capital, economic theory, by Becker?
Why does human capital need nurturing and investment
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Why can HC provide organizations with a unique capability for competitive advantage?
- HC is sustainable
- HC is non transparent ; difficult to see
- HC is non transferable
What is generic human capital
Think of broad diploma and general knowledge.
What is firm specific human capital?
Often non written, and thus non transferable
What is the human capital theory about?
HC is the result of investment in training
What does the psychological theory of individual differences from Spearman state?
Different types of jobs require different abilities, people differ in having those, and differences in ability matter for performance.
Abilities are stable!
What are 2 key abilities that matter for performance?
2. Personality
What are the 5 aspects of personality?
- Openness to new experience vs conventional
- Conscientiousness vs undirectness
- Extrovert vs introvert
- Agreeableness vs antagonism
- Neurocism vs emotional stability
Which 2 personality traits predict performance?
2. Emotional stability = dealing with stress (no correlation with intelligence and weaker correlation with performance)
What types of people are best capable of learning a job and getting result?
It is the combination of individual capabilities that enables people to succeed.
How do you build a source of HC that is unique, non transparent and non transferable?
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