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The most important capital of modern enterprises is information, knowledge and intellectual capital, while at the same time in process of building the competitive advantage, the role of material components decreases. Knowledge in the enterprise is partly its property but mostly its owners are employees. Therefore, it is crucial to provide employees with appropriate working conditions in which they could fully use their potential. This may require, among others, such activities as: changing the organizational cultu...

Innovation model for developing modern Russian society requires a significant change in the value system and worldview attitudes of the Russian people. In the context of emerging postindustrial economy and civil society the cultural sector may perform as a condition and factor of progressive development of Russian territories by forming and translating individual and collective psychological and activity-related attitudes. However, due to archaism and inefficient structuring of the basics of state cultural policy ...

The article discusses the issue of the sustainable development of the EU in relation to the concept of eco-humanistic globalization. The processes of globalization are closely related to the increased flows of people around the world, mainly for economic purposes. The number of migrants for work purposes is increasing. Emigration countries generate losses and immigration countries acquire new social capital (these immigrants work for low wages as compared to domestic employees by performing work in services, const...

The economic activity through its correlative system is under the direct influence of human capital as a determinant. Tourism as an economic activity has great potential for transformation. This potential is due to the upward trend, together with other economic activities, to the attention of the specialists, who are dealing with the irreparable destruction of the environment. In this sense, tourism and the environment have been a matter of discussion for the scientists of the past two decades, which led to the fo...

People employed in an enterprise are its most important resource. They have unique knowledge and skills that they bring to the company thanks to their participation in the production process. These factors combined with predispositions for work, using appropriate methods of motivation, can be a source of competitive advantage for the company. The efficiency and effectiveness of the company's operations depends mainly on the employees of the organization and employed management, as well as the atmosphere at work, r...

Human capital plays an important role in the development of an innovation-oriented economy, the multiplication and spread of which will allow to preserve the existing and create new competitive advantages in high-tech industries, improve the development of the territory. The article deals with the features of statistical evaluation of the effectiveness of investment in human capital. The authors emphasize the need for an integrated approach to such an assessment in accordance with the types of effects. The analysi...

Personnel training and development is one of the key activities an organization should be concerned about. Providing better quality goods and services to the market, increasing productivity and, eventually, economic success of an organization – all these are only possible due to attracting and retaining the most qualified and efficient employees. Investments in human capital, in the form of personnel training and development, are essential for ensuring implementation of corporate strategic goals. The aim of this p...

Human potential is well known to make the main production force in a globalised modern world. However, in order human potential to become human capital educational system is to set and achieve critically new goals. Current university students will tomorrow be working in new economic reality making managerial decisions in the continuously changing environment with subordinates not always ready to face these changes, meet and work under innovations and possibly having a different mindset. Therefore, not only a parti...

The article presents theoretical consideration of types and elements of personnel motivation programs and performance evaluation criteria as obligatory components of a management accounting system, aimed at reaching strategic organization’s goals and objectives, through investments in human capital. Result-oriented performance is only possible by means of matching employees’ professional interests and abilities with corporate goals. The presence of highly qualified personnel in an organization is its main competit...

The increasing role of intellectual capital in producing goods and services, as the main source of corporate competitive advantages, makes organizations reconsider their financial reports with the aim of proper intellectual capital accounting. Currently, only intangible assets and intellectual property are recorded in financial accounts. Intellectual assets themselves, by means of which goods are produced, are not presented in modern accounting systems. The absence of information about intellectual assets in accou...

The issues of professional implementation and education are among the most important in our life. And it's not surprising, considering how much time each of us spends on study and work and how much depends on it. And of course, the radical changes that are taking place now can not but affect these spheres. Today in Russia, much attention is paid to the discussion of innovation, the digital economy, labor productivity and competitiveness. However, these plans are unrealizable without a systematic approach to the de...

Educational aspect of human capital is the main value of the economy of the 21st century. The global competition between economically active people with professional competencies has not ever been as acute as it is now. The competitiveness is growing along with the technological development. The global educational objective is to create the economic growth model based on the cooperation of the state, business and society by developing human capital. A student’s awareness of his role in the national economy via edu...

At different historical stages education played various roles in society. If initially it was understood as a way of transferring knowledge from one generation to another, then eventually its functions became more complicated. For a few centuries education was closely connected with economic factors, that is it was focused on economic needs of the states of Modern times. The 20th century with all evidence has shown a qualitatively new function of education – political. Certainly, the economic component continues t...