- 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 focuses on managerial, operative, and corporate cognition. It argues that ‘the transformation of knowledge into practice is mediated by the cognition of the firm's human capital (HC)’. The article posits a mutually constituting reciprocal relationship between knowledge and behaviour, the exchange being governed by cognition. It argues that managers are able to influence the firm's cognitive states even when these are path dependent and contextualized. Managers set the strategic balance between ‘learning’ and ‘using’, between ‘exploration’ and ‘exploitation’, creating effective alignment between the environment and internal activity systems through adjustments to cognition. The article cites empirical research showing a strong relationship between HC, as measured by education and experience, and firm performance. It also presumes that HC can arise at both individual and collective levels, enabling it to explore the relationship between individual and collective cognition and the value of the firm's HC.
Rhett Brymer is a Ph.D. student of strategic management at the Mays Business School at Texas A&M University. He received his M.B.A. and M.S. degrees from the Florida State University, and worked as an organizational change consultant for six years with firms such as Hewlett-Packard, Credit Suisse, BearingPoint, Citigroup, and Proctor & Gamble. He is a member of the Academy of Management and the Strategic Management Society. His research interests include human capital, strategy implementation, collective cognitions, strategic entrepreneurship, and acquisitions.
Michael Hitt is currently a Distinguished Professor of Management at Texas A&M University and holds the Joe B. Foster Chair in Business Leadership. He received his Ph.D. from the University of Colorado. A recent article noted that he was one of the top ten most cited authors in the management field over a 25-year period. He has served as an editor of the Academy of Management Journal and is currently co-editor of the Strategic Entrepreneurship Journal. He is a Fellow in the Academy of Management and in the Strategic Management Society, and received an honorary doctorate (Doctor Honoris Causa) from the Universidad Carlos III de Madrid. He is a former President of the Academy of Management and is the current Past President of the Strategic Management Society. He has received awards for the best article published in the Academy of Management Executive, Academy of Management Journal and the Journal of Management. He has received the Irwin Outstanding Educator Award and the Distinguished Service Award from the Academy of Management.
Mario Schijven is currently an Assistant Professor of management at Texas A&M University. He received his Ph.D. from Tilburg University, The Netherlands. His current research focuses on corporate development activities—most notably acquisitions, alliances, and organizational restructuring, which he studies using theories of organizational learning, behavioral decision-making, and evolutionary economics. His work has appeared in the Academy of Management Journal and the Journal of Management, among others.
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