Abstract:Human Capital Management (HCM) is a management concept that demands theoretical foundations for implementation. It must not be easily equated with human resource management activities. HCM must include initiatives directly focused on the knowledge resources that are at the organization's disposal. However, using only internal knowledge resources is not enough to raise the level of competitiveness. Organizations must reach outside their environment. It has been adopted that, in instrumental terms, HCM is based … Show more
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