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Human capital is inherent in people and cannot be owned by an organization. Therefore, human capital leaves an organization when people leave. Human capital also encompasses how effectively an organization uses its people resources as measured by creativity and innovation. A company's reputation as an employer affects the human capital it draws.
Human activities are the various actions for recreation, living, or necessity done by people. For instance it includes leisure , entertainment , manufacturing , recreation , war , and exercise .
Human resource management (HRM) is the strategic and coherent approach to the effective and efficient management of people in a company or organization such that they help their business gain a competitive advantage. It is designed to maximize employee performance in service of an employer's strategic objectives.
In organizational studies, resource management is the efficient and effective development of an organization's resources when they are needed. Such resources may include the financial resources, inventory, human skills, production resources, or information technology (IT) and natural resources.
Power as resource-based: Power usually represents a struggle over resources. The more scarce and valued resources are, the more intense and protracted the power struggles. The scarcity hypothesis indicates that people have the most power when the resources they possess are hard to come by or are in high demand.
Individuality (or self-hood) is the state or quality of living as an individual; particularly (in the case of humans) as a person unique from other people and possessing one's own needs or goals, rights and responsibilities. The concept of an individual features in many fields, including biology, law, and philosophy. Every individual ...
Capacity is shaped by, adapting to and reacting to external factors and actors, but it is not something external — it is internal to people, organizations and groups or systems of organizations. Thus, capacity development is a change process internal to organizations and people.
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
