The Effect of Developing Human Capabilities on the Company's Performance through Developing the Company's Capabilities

WSEAS Transactions on Business and Economics 21:95-108 (2023)
  Copy   BIBTEX

Abstract

By studying the effect of human resource development on strengthening the firm's total capabilities this literature review investigates the relationship between the development of human capabilities and company performance by studying the effects of human resource development on strengthening a firm’s total capabilities. To provide a thorough grasp of the subject, the review synthesizes and analyzes pertinent research articles, academic papers, and industry reports. SPSS version 22 statistical software was used for social sciences. Descriptive and inferential statistics were used to analyze the questionnaire data. To attain a lasting competitive advantage, the assessment also emphasizes the significance of fostering a learning culture, adopting cutting-edge procedures, and putting in place efficient training and development programs. The main findings show that investing in the growth of human capabilities has a favorable impact on the success of the company, especially when those investments are made in conjunction with the growth of the organization's capabilities. Investing in an employee's skill and capability development boosts productivity, enhances innovation, reduces costs, fosters customer loyalty and satisfaction, and provides a company with a competitive advantage.

Links

PhilArchive

External links

  • This entry has no external links. Add one.
Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

Putting sustainability into sustainable human development.Wouter Peeters, jo Dirix & Sigrid Sterckx - 2013 - Journal of Human Development and Capabilities 1 (14):58-76.

Analytics

Added to PP
2023-11-30

Downloads
253 (#83,755)

6 months
220 (#12,582)

Historical graph of downloads
How can I increase my downloads?

Citations of this work

No citations found.

Add more citations