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Knowledge As Investment In Human Resources To Increase The Company Success

Author

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  • 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

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    References listed on IDEAS

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    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)

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    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

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