Human capital - the performance and the potential of people in an organisation - has become an increasingly urgent issue for business leaders. Dramatic demographic shifts, the globalisation of organisations, increasing business complexity, and generational differences are causing many organisations to place a more deliberate focus on human capital as a key element in strategic planning and execution. This book helps business leaders determine how to address human capital as part of their business strategy, to drive value and realise the potential of the organisation. Topics are presented clearly, allowing readers to quickly grasp and apply key concepts and ideas. The authors share both their academic research and practical experience from around the world, providing first-hand case studies and examples to help bring theoretical topics to life. With a strong practitioner focus, this book will provide business leaders and HR professionals with new insights into how to improve business performance through a unique, strategic approach to human capital.
Howard Thomas is Dean of the Lee Kong Chian School of Business at Singapore Management University. Professor Thomas is internationally recognised as a leading expert in the field of strategic management. He is the author, co-author or editor of many acclaimed management books, including the Handbook of Strategy and Management (2001), Strategy: Analysis and Practice (2005) and Strategic Leadership in the Business School (Cambridge, 2011). Richard R. Smith is a Senior Lecturer at Singapore Management University in the areas of global business and human capital. He is also a retired partner from Accenture where he led the global Leadership Effectiveness practice. Professor Smith has more than 25 years of experience in organization strategy, change management and human capital leadership. Fermin Diez is an Adjunct Professor at Singapore Management University and is also a Senior Partner and Head of Talent Consulting for Mercer in the Asia-Pacific region, the Middle East, Africa and Latin America. He has over 30 years of experience in HR and consulting as well as corporate roles in Asia, Australia, Latin America and the USA.