Untapped Human Capital

Are you committed to educating and developing your people? Or, as so often is the case, do you see training as an expense? Why not take the approach that training and development are investments.

When I taught high school economics, one of the first concepts we covered was this fundamental: the four cornerstones of capitalism (land, labor, capital, and entrepreneurship). If I were to go back into the classroom today, I would emphasize that, in our current economy, the importance of land and capital are reduced–and that labor and entrepreneurship are increasingly intertwined.

Everywhere in our digital economy, people are generating incredible revenues with no real up-front investment in land or capital. And, within organizations–even large ones–it is increasingly important that employees are empowered to be creative and entrepreneurial.

Decision-makers, you must find ways to empower your workers. Check out Daniel Pink’s site (and his many books/articles) for a whole new perspective.