Human Capital: Definitions, Approaches and Management Dynamics

Iyere Joseph Alika, Stan Aibieyi

Abstract


Human capital formed the integral part of this study. The study made effort to highlight the values, importance of human capital to management, individuals and all others interested in the development of their workforce with a view to increasing organization performance.  The approaches as identified and applied in the study, found its root in business economics theory which when effectively applied, has the capacity to act as change agent on employees performance leading to organizational success.

The study also reveals that management principles as embedded in management dynamics can not be ignored by organization that is poised for serious business.

The research results are mainly based on the definitions of human capital and the exposition of its approaches to the understanding of the nature, status and importance of human capital in all facets of life.

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