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Human Capital Development and Organisational Competitiveness: A Theoretical Approach

Author

Listed:
  • Kelvin N. Agbakwuru

    (PhD Student at Afe Babalola University, Ado-Ekiti, Ekiti State, Nigeria)

  • Oluwatobiloba M. Gbadero

    (Master’s Student (M.Sc.) Marketing Management, Eastern Mediterranean University)

Abstract

With the high level of competition in this knowledge-based economy, organisations are on a quest to increase their competitive edge over their various counterparts. This study examines the role human capital development plays in helping organisations achieve this feat. A theoretical approach was involved and the study was done via the perspectives of human capital and resource-based theories. The study concluded that the implementation of human capital development activities like training, development, education contributes greatly to the competitiveness of an organisation and recommends that organisations take seriously the development of their human capital if they are to survive the harsh competition prevalent in the Nigerian business environment.

Suggested Citation

  • Kelvin N. Agbakwuru & Oluwatobiloba M. Gbadero, 2021. "Human Capital Development and Organisational Competitiveness: A Theoretical Approach," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(09), pages 705-709, September.
    • Handle: RePEc:bcp:journl:v:5:y:2021:i:09:p:705-709
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    References listed on IDEAS

    as
    1. Obiekwe Onyebuchi, 2018. "Human Capital Development and Organizational Survival: A Theoretical Review," International Journal of Management and Sustainability, Conscientia Beam, vol. 7(4), pages 194-203.
    2. Jacob Mincer, 1958. "Investment in Human Capital and Personal Income Distribution," Journal of Political Economy, University of Chicago Press, vol. 66(4), pages 281-281.
    3. Camisón, César & Forés, Beatriz, 2015. "Is tourism firm competitiveness driven by different internal or external specific factors?: New empirical evidence from Spain," Tourism Management, Elsevier, vol. 48(C), pages 477-499.
    4. Darlan José Roman & Janaina Piana & Marie-Anne Stival Pereira e Leal Lozano & Nelson Ruben de Mello & Rolf Hermann Erdmann, 2012. "Organizational competitiveness factors," Brazilian Business Review, Fucape Business School, vol. 9(1), pages 25-42, January.
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