The relevance of human capital as a driver for innovation

Abstract

This article seeks to clarify the impact of human capital on the innovation capacity of companies. We employ the literature review and some personals interpretations. Results have relevant implications for managers of companies that are interested in promoting their innovation activity. By considering how human capital is related with the innovation process, this article attempts to provide a useful guide of human capital indicators within the intellectual capital framework. We consider that the basic contribution of our work is the development of a system of indicators for human capital management with the objective of allowing for a clear picture of links between strategic human resources and the innovation capacity of companies. Moreover, it can be easily adapted to a given type of organization and, therefore, serve to compare companies belonging to the same sector of activity.

The influence of intellectual capital on innovativeness and growth in tourism SMEs: empirical evidence from Slovenia and Croatia

“…At the present moment, we are aware that the innovation capacity of a company depends heavily on its intellectual capital, including its different dimensions; human capital (experience, skills, and employee development, teamwork), organisational capital (databases, proceedings, patents, licences, trademarks, manuals and organisational structures) and social capital (relationship networks). The importance of these intangible assets and knowledge has been studied by various researchers (Mariz-Pérez et al, 2012;Sumedrea, 2013;Kalkan, Bozkurt, & Armanc, 2014).…”

Innovative development of human capital in the conditions of globalization

“…The impact of human capital on the innovation capacity of companies is investigated by L. Lavrinenko [15]. R. M. Mariz-Pérez, M. M. Teijeiro-Alvarez, M. T. García-Alvarez [16] investigated the relevance of human capital as a driver for innovation.…”

Exploring the Role of Education on the Entrepreneurial Motivations of Academic Spin-offs' Founders

“…Human capital in its three multiple dimensions is perceived as a strategic resource. This vision is confirmed by Mariz-Pérez et al (2012) that human capital is the key driver for innovation in both large and medium-sized businesses. Consequently, human capital should be strategically managed by companies to have entrepreneurially oriented goals such as being more proactive and risk-taking besides encouraging innovativeness (Boon et al, 2018;Zehir et al, 2016).…”