Developing Human Capital: A Strategic Imperative for Achieving Excellence in the Knowledge Economy

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Merouane Abderrezak, Hachlaf Hayet, Briki Mohammed

Abstract

Human capital is regarded as intangible assets that are challenging to measure. It represents a pivotal element within an organization, defining its nature and influencing its performance capability. It encompasses the knowledge residing in the minds of individuals within the organization, which aids in responding to and adapting swiftly to the surrounding conditions.


To adapt to the new economy, or the knowledge economy, it is essential to develop human capital as the core of organizational competitiveness and excellence. This involves transitioning to intangible resources that are difficult to replicate, achieved through strategic approaches such as training and managerial empowerment to enhance the productivity of human resources and to foster the development of learning organizations.

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How to Cite
Merouane Abderrezak, Hachlaf Hayet, Briki Mohammed. (2024). Developing Human Capital: A Strategic Imperative for Achieving Excellence in the Knowledge Economy. European Economic Letters (EEL), 14(4), 693–703. Retrieved from https://www.eelet.org.uk/index.php/journal/article/view/2190
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