Human Resource Development

Jerry W. Gilley & Ann Gilley

People are the most important asset in countries, economies, social systems, and organizations. Human assets allow nations, regions, trading blocks, multinational organizations, and local firms to compete to achieve competitive advantage. In our informationbased, technologically advanced society, people contribute via their knowledge, cooperation, innovation, and commitment to the success of their organizations. The creation of new knowledge, sharing it within one's organization, applying it to practical situations, and formulating new meaning constitute the emerging importance of intellectual capital of human resources, which is claiming a central role on more and more organizational balance sheets. Although these claims may not be readily supported by a robust financial research base, there is a rapidly growing body of work suggesting that human resources are the key to success in any endeavor, whether corporate or societal, as in educational institutions. The study of the history of learning reveals that training and education of all ...

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