Advancing the human capital perspective on value creation by joining capabilities and governance approaches

• Autores: Joseph T. Mahoney, Yasemin Y. Kor
• Localización: Academy of Management Perspectives, ISSN-e 1943-4529, Vol. 29, Nº. 3, 2015, págs. 296-308
• Idioma: inglés
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• Resumen

  • This paper elaborates on how the human capital perspective on value creation can be advanced by joining the capabilities and governance approaches. Investments in firm-specific human capital can be an important pathway to building and enhancing a firm’s core competencies. Thus, it is vital to build mechanisms and systems that encourage the development and safeguarding of these human capital-based capabilities. Our paper unpacks the notion of firm-specific human capital and presents a view on why this form of human capital especially matters in today’s business context. We review pitfalls and shortcomings of a traditional shareholder model and its likely impacts on investments in firm-specific human capital. Finally, we discuss mechanisms by which the firm-specific human capital development process can be stimulated and protected