SOC227H5 : neo-human-capital
Document Summary
Neo-capital is an umbrella term which is used to describe the various types of value creation drivers which are embedded in orgaizational processes. It is in organisations and businesses are important and essential asset who contribute to development and growth, in a similar way as physical assets such as machines and money. there are mainly six types of neo-capital drivers. There are various thoughts delivered by many literatures. Neo-capital is central to performance in todays economic environment (swanson & holton iii, 1997; Nonaka & takeuchi, 1995; nooteboom, 2002; nahapiet & goshal, 1998). Neo-capital is increasingly viewed as the primary driver of value creation in todays knowledge economy (blair & kochan, 2000; These various types of neo-capital work together to transform human capital into organizational output (nakamura, 2003; van de ven, polley, garud, & Any success or failure of orgaizational processes depends mainly on people at all levels directors,
