Human Capital Management

Zarządzanie kapitałem ludzkim

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Human Capital Management at WSB-NLU »
Definitions and quotes »

⇑Human Capital Management at WSB-NLU

Language: Polish Studies in Polish

University website: www.wsb-nlu.edu.pl/en

⇑Definitions and quotes

Human

Humans (taxonomically Homo sapiens) are the only extant members of the subtribe Hominina. The Hominina are sister of the Chimpanzees with which they form the Hominini belonging to the family of great apes. They are characterized by erect posture and bipedal locomotion; high manual dexterity and heavy tool use compared to other animals; open-ended and complex language use compared to other animal communications; and a general trend toward larger, more complex brains and societies.

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Management

Management (or managing) is the administration of an organization, whether it is a business, a not-for-profit organization, or government body. Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees (or of volunteers) to accomplish its objectives through the application of available resources, such as financial, natural, technological, and human resources. The term "management" may also refer to those people who manage an organization.

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Capital

With artists and virtuosi of every kind, … what they earn should become their capital, whereas they recklessly regard it as mere interest and thus end in ruin. On the other hand, those who possess inherited wealth at least know at once and quite correctly what is capital and what is interest.

Arthur Schopenhauer, “Aphorisms on the Wisdom of Life,” Parerga und Paralipomena, E. Payne, trans. (1974) Vol. 1, p. 348

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Management

Management is defined here as the accomplishment of desired objectives by establishing an environment favorable to performance by people operating in organized groups. Each of the managerial functions (planning, organizing, staffing, , directing, and controlling) is analyzed and described in a systematic way. As this is done, both the distilled experience of practicing managers and the findings of scholars are presented. This is approached in such a way that the reader may grasp the relationships between each of the functions, obtain a clear view of the major principles underlying them.

Harold Koontz and Cyril O'Donnell. Principles of Management; An Analysis of Managerial Functions. 1968, p. 1

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Management

In the long-run the workman may be as necessary to his master as his master is to him, but the necessity is not so immediate.

Adam Smith (1776) The Wealth of Nations Chapter VIII, p. 80

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