- List of Figures
- List of Tables
- Foreword by Gary S. Becker
- List of Contributors
- An Economic Perspective on the Notion of ‘Human Capital’
- A Social Perspective: Exploring the Links between Human Capital and Social Capital
- Global Culture Capital and Cosmopolitan Human Capital: The Effects of Global Mindset and Organizational Routines on Cultural Intelligence and International Experience
- Cognition and Human Capital: The Dynamic Interrelationship between Knowledge and Behavior
- A Capital-Based Approach to the Firm: Reflections on the Nature and Scope of the Concept of Capital and its Extension to Intangibles
- Human Capital and Transaction Cost Economics
- Human Capital and Agency Theory
- Human Capital in the Resource-Based View
- Human Capital, Entrepreneurship, and the Theory of the Firm
- The Firm, Human Capital, and Knowledge Creation
- Human Capital, HR Strategy, and Organizational Effectiveness
- How Organizations Obtain the Human Capital they Need
- Aligning Human Capital with Organizational Needs
- Maximizing Value from Human Capital
- Accounting for Human Capital and Organizational Effectiveness
- Interdependencies between People in Organizations
- Understanding Interdependencies between Human Capital and Structural Capital: Some Directions from Kantian Pragmatism
- The Distributed and Dynamic Dimensions of Human Capital
- Human Capital and the Organization–Accommodation Relationship
- Interdependencies between People and Information Systems in Organizations
- Human Capital, Capabilities, and the Firm: Literati, Numerati, and Entrepreneurs in the Twenty-First-Century Enterprise
- Looking to the Future: Bringing Organizations Deeper into Human Capital Theory
- Human Capital Formation Regimes: States, Markets, and Human Capital in an Era of Globalization
- Human Capital in Developing Countries: The Significance of the Asian Experience
- The Future of Human Capital: An Employment Relations Perspective
Abstract and Keywords
This article describes how the distributed dynamic dimensions of human capital (HC) are developed and utilized in knowledge-creating companies. It perceives HC as the most important resource for a firm, and argues that a firm's sustainable competitive advantage comes from its ability to create knowledge in a changing environment. Because knowledge is created by people in their interactions with each other and the environment, it is important to understand the nature of human beings in order to keep creating knowledge and make knowledge a sustainable competitive advantage of the firm. Compared to other resources, HC is different because humans are subjective, interrelated beings who make value judgments. The article builds on the philosophical concept of phronesis to describe the development and utilization of distributed, dynamic HC. It provides a review of HC literature and discusses the characteristics of human agents drawing from interpretative philosophy.
Ikujiro Nonaka is a Professor Emeritus at the Graduate School of International Corporate Strategy, Hitotsubashi University, Xerox Distinguished Faculty Scholar, University of California, Berkeley, and also First Distinguished Drucker Scholar in Residence at the Drucker School and Institute, Claremont Graduate University. He has published many books and articles in Japanese and in English. Selected publications include Managing Flow: A Process Theory of the Knowledge-based Firm (Palgrave Macmillan, 2008, with co-authors), and The Knowledge-Creating Company (Oxford University Press, 1995, with H. Takeuchi).
Ryoko Toyama is a Professor at the Graduate School of Strategic Management, Chuo University, Tokyo. Her research interests include strategy, technological management, and knowledge creation. She has published books about knowledge management, such as Managing Flow (Palgrave), and articles in management journals such as Industrial and Corporate Change and Long Range Planning, co-authored with Ikujiro Nonaka.
Vesa Peltokorpi is an Assistant Professor in human resource management at HEC School of Management, Paris. He has published various articles in management journals such as Journal of Management Studies, International Business Review, International Journal of Human Resource Management, and Review of General Psychology.
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