DEVELOPMENT AND EFFECTIVE USE OF HUMAN CAPITAL - ESSENTIAL CONDITION FOR BUSINESS DEVELOPMENT IN THE GLOBAL CRISIS CONDITIONS
DEVELOPMENT AND EFFECTIVE USE OF HUMAN CAPITAL - ESSENTIAL CONDITION FOR BUSINESS DEVELOPMENT IN THE GLOBAL CRISIS CONDITIONS

Summary/Abstract: In context of global economic crisis, all entities within human society trying to survive, just few of them want to develop. Of course, business development in crisis conditions represents an important target for any actant, regardless of the activity field. Known is that the source of business development is the manner in which human capital is effectively used and how human resources are developed. An analysis of human capital during the economic crisis in Romania shows that very few businesses, realizing the benefits of the acquisition and development of competent human capital, professional and experienced, have effectively managed the relationship with labor. Proactive approach of the current situation requires companies employing professional staff career development and efficient use of human potential, without added cost to business development. This is because, in times of crisis, the budget may be redesigned, reorganized and, as such, sufficient financial resources reallocated to the development and effective use of human capital. The diversity of methods used in the development of human capital leads to a wide field of action for the economic actants, regarding their business development.

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