IDEAS home Printed from https://ideas.repec.org/a/ris/sphecs/0356.html
   My bibliography  Save this article

Knowledge As Investment In Human Resources To Increase The Company Success

Author

Listed:
  • NEGULESCU, Oriana

    (“Spiru Haret” University, Faculty of Juridical, Economic and Administrative Sciences, Braşov,)

Abstract

In this era, characterized by rapid changes in information and communication technologies and the increasing competition on the global market, the main factor of strategic development of the modern successful company is the development of strategic resources. The most important strategic resource is the people’s expertise that is bringing competitive advantage to the company. The employees’ knowledge accumulation is probably the main tool the management has to consider in designing strategies for company’s growth. However, the employees’ knowledge is contributing to the knowledge-based company, as a factor of success. This paper is aiming to emphasize the main concepts regarding the knowledge-based concept, the profile of a knowledgebased company, the importance of employees’ knowledge accumulation for the company’s development and to consider the knowledge as being an investment by training. The return of investment in human resources knowledge is finally analyzed.

Suggested Citation

  • NEGULESCU, Oriana, 2016. "Knowledge As Investment In Human Resources To Increase The Company Success," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 16(4), pages 27-33.
    • Handle: RePEc:ris:sphecs:0356
    as

    Download full text from publisher

    File URL: http://anale.spiruharet.ro/index.php/economics/article/view/1643/pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Madalina Cristina Tocan, 2012. "Knowledge Based Strategies for Knowledge Based Organizations," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 2(6), pages 1-2, December.
    2. Bartel, Ann P, 1995. "Training, Wage Growth, and Job Performance: Evidence from a Company Database," Journal of Labor Economics, University of Chicago Press, vol. 13(3), pages 401-425, July.
    3. Ovidiu NICOLESCU, 2011. "The Specific Of Knowledge Based Strategies," Review of General Management, Spiru Haret University, Faculty of Management Brasov, vol. 14(2), pages 36-55, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. NEGULESCU , Oriana, 2016. "Knowledge As Investment In Human Resources To Increase The Company Success," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 16(4), pages 27-33.
    2. Caliendo, Marco & Cobb-Clark, Deborah A. & Obst, Cosima & Uhlendorff, Arne, 2023. "Risk preferences and training investments," Journal of Economic Behavior & Organization, Elsevier, vol. 205(C), pages 668-686.
    3. Labadi, Moufida & Nekhili, Mehdi, 2012. "Structure de propriété et partage de la valeur ajoutée : application aux entreprises françaises non financières du SBF120," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 12.
    4. William Collier & Francis Green & John Peirson, 2005. "Training And Establishment Survival," Scottish Journal of Political Economy, Scottish Economic Society, vol. 52(5), pages 710-735, November.
    5. Picchio, Matteo & van Ours, Jan C., 2013. "Retaining through training even for older workers," Economics of Education Review, Elsevier, vol. 32(C), pages 29-48.
    6. Christophe Muller & Christophe Nordman, 2004. "Which Human Capital Matters For Rich And Poor'S Wages: Evidence From Matched Worker-Firm Data From Tunisia," Working Papers. Serie AD 2004-28, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    7. Carlos Lamarche, 2013. "Industry-wide work rules and productivity: evidence from Argentine union contract data," IZA Journal of Labor & Development, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 2(1), pages 1-25, December.
    8. Juho Jokinen & Jaakko Pehkonen, 2017. "Promotions and Earnings – Gender or Merit? Evidence from Longitudinal Personnel Data," Journal of Labor Research, Springer, vol. 38(3), pages 306-334, September.
    9. Jozef Konings & Stijn Vanormelingen, 2015. "The Impact of Training on Productivity and Wages: Firm-Level Evidence," The Review of Economics and Statistics, MIT Press, vol. 97(2), pages 485-497, May.
    10. Aistov, Andrey & Aleksandrova, Ekaterina, 2014. "Individual returns to training: Evidence from Russian firm," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 34(2), pages 56-79.
    11. Henrik Hansen & S. Kanay De & John Rand & Neda Trifković, 2023. "Wage returns to workplace training in Myanmar," Development Policy Review, Overseas Development Institute, vol. 41(2), March.
    12. Stephen L. Mehay & William R. Bowman, 2005. "Marital Status and Productivity: Evidence from Personnel Data," Southern Economic Journal, John Wiley & Sons, vol. 72(1), pages 63-77, July.
    13. James R. Frederickson & Elizabeth Webster & Ian O. Williamson, 2010. "Is the Current Accounting Treatment of Education and Training Costs Appropriate?," Australian Accounting Review, CPA Australia, vol. 20(3), pages 265-273, September.
    14. Oliver Cassagneau-Francis & Robert Gary-Bobo & Julie Pernaudet & Jean-Marc Robin, 2022. "A Nonparametric Finite Mixture Approach to Difference-in-Difference Estimation, with an Application to On-the-job Training and Wages," Working Papers hal-03869547, HAL.
    15. Lorraine Dearden & Howard Reed & John Van Reenen, 2006. "The Impact of Training on Productivity and Wages: Evidence from British Panel Data," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 68(4), pages 397-421, August.
    16. Rita Almeida & Reyes Aterido, 2015. "Investing in formal on-the-job training: are SMEs lagging much behind?," IZA Journal of Labor & Development, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 4(1), pages 1-23, December.
    17. Ngo Van Long & Antoine Soubeyran & Raphael Soubeyran, 2014. "Knowledge Accumulation Within An Organization," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 55(4), pages 1089-1128, November.
    18. Picchio, Matteo & van Ours, Jan C., 2011. "Market imperfections and firm-sponsored training," Labour Economics, Elsevier, vol. 18(5), pages 712-722, October.
    19. Jonathan R. Veum, 1999. "Training, Wages, and the Human Capital Model," Southern Economic Journal, John Wiley & Sons, vol. 65(3), pages 526-538, January.
    20. Ngo Van Long & Antoine Soubeyran & Raphael Soubeyran, 2014. "Knowledge acquisition within an organization: How to retain a knowledge worker using wage profile and non-monotonic knowledge accumulation," CIRANO Working Papers 2014s-32, CIRANO.

    More about this item

    Keywords

    strategic resources; knowledge-based company; investment in human resources; return on investment;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:sphecs:0356. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Aurelian A BONDREA or Constantin Mecu The email address of this maintainer does not seem to be valid anymore. Please ask Constantin Mecu to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/ffuspro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.