Human Capital can be defined as the sum of the key elements such as combined knowledge, skills, experiences,
attitudes, competencies of all employees (Hendriks, Sousa, 2012). These elements should also be rare, valuable and
cannot easily imitated and replaced (Arafat, Shahimi, 2013).Stewart (1997) used these explanations for human
capital “money talks, but it does not think; machines perform, often better than any human being can, but do not
invent. The primary purpose of human capital is innovation whether of new products and services, or of improving
in business processes” (p.86).
Human Capital can be defined as the sum of the key elements such as combined knowledge, skills, experiences,attitudes, competencies of all employees (Hendriks, Sousa, 2012). These elements should also be rare, valuable andcannot easily imitated and replaced (Arafat, Shahimi, 2013).Stewart (1997) used these explanations for humancapital “money talks, but it does not think; machines perform, often better than any human being can, but do notinvent. The primary purpose of human capital is innovation whether of new products and services, or of improvingin business processes” (p.86).
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