Description
In the Era of Human Capital is bound to change how we view the world, how we deploy our business resources, and how we invest for the future. No longer are industrial capacity, financial capital, technology, or information the driving forces of the economy. Instead, countries and companies thrive through a combination of human intelligence, talent, creativity, and knowledge - what author Richard Crawford calls "human capital." As we throw off the vestiges of the industrial world view and wake up to the global transformation that is already under way, it becomes critical for us to know how to operate in an era in which the development of human capital underlies our society's wealth and well-being.
Crawford defines the current challenge to American business by isolating the five key changes of this global revolution:
โข Changes in technology: a new focus on the creation and movement of information, miniaturization, the expansion of brain power, and the development of renewable resources
โข Changes in the economic structure: 80 percent of business investment is in employees, and 50 percent of the workforce is employed in knowledge services
โข Changes in social systems: an emphasis on diversity, egalitarianism, individualism, and changing roles for women and men
โข Changes in political systems: a movement toward global cooperation, understanding of issues of ownership and control of knowledge, and the dispersion of political power
โข Changes in the dominant world view: a new image of humankind as capable of continuous transformation and growth, and of the autonomous individual in a decentralized society.
ISBN:9780887305061
