Unlocking Human Potential: Transforming National Economies Through Strategic Management
The article explores how human capital plays a crucial role in the strategic management of national economies. It defines human capital as the skills and knowledge accumulated by individuals that can be used to improve economic and social prosperity. The study suggests that developing human capital is essential for enhancing the market value of individuals and organizations, but it can also lead to increased transactional costs. By using a three-level system, specific problems and readiness levels of individuals can be addressed to optimize human capital development. The research aims to identify and organize the functions of human capital within the management strategy of national economies to enhance economic growth.