Developing Human Capital Is Essential to Maintaining a Competitive Advantage

question 88

Multiple Choice

Developing human capital is essential to maintaining a competitive advantage in the current knowledge economy.Efforts and initiatives to develop human capital should be directed

• A) at top managers.
• B) at human resource departments.
• C) throughout the firm at all levels.
• D) at the employees themselves.

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Definitions:

Philanthropy Group

An organization focused on promoting welfare of others, typically through charitable donations or social service activities.

Extrinsic Motivation

Motivation that stems from external rewards such as money, fame, grades, and praise.

Extrinsic Rewards

External awards to employees such as salary, bonuses, and paid vacations.

Intrinsic Rewards

Rewards derived internally from performing a task or activity, such as satisfaction, enjoyment, or a sense of achievement.