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Journal : Proceedings of International Conference on Multidiciplinary Research

Human Capital and How It Affects the Performance of an Organization Rahmikawati Rahmikawati; Nelly Nelly; Susanti Susanti; Nurfiani Syamsuddin; Arsyad Arsyad
International Conference on Multidisciplinary Research Vol 5, No 2 (2022): ICMR
Publisher : Universitas Serambi Mekkah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32672/pic-mr.v5i2.5415

Abstract

Many countries' economies collapsed in early 2020 due to the worldwide financial crisis and the Covid 19 pandemic. The economic stability of several nations has been disrupted by the outbreak. In this article, we will examine the many ways in which human capital contributes to a company's success. The administration is making significant efforts to boost economic growth in a more positive direction. The Human Development Index in Indonesia appears to have increased by 3.3% between 2015 and 2019, according to data from UNDP 2020. According to the Human Development Index (HDI), Indonesia would be ranked 107 out of 189 countries in 2020. The Indonesian government has taken many different ways and made many different kinds of attempts to help its people grow and develop their skills so that they can keep competing with other nations. The companies discussed here also played a role in spurring this expansion. Organizations in the business world also want to survive, thrive, and remain competitive on a global scale. Businesses have a responsibility and a potential remedy to their lack of global competitiveness: they can stimulate the growth of their resources. The best way for businesses to improve their performance is to invest wisely and train their employees further. The success of businesses can be directly attributed to their investment in human capital. Human capital models that explain why it matters for businesses to invest in their people have been backed up by this research. Keywords: Human Development Index, A Sustainable and Globally Competitive Economy 
Human Capital Development Challenges During the COVID-19 Pandemic Eva Nadya; Maryam Maryam; Filia Hanum; Kasmaniar Kasmaniar; Arsyad Arsyad
International Conference on Multidisciplinary Research Vol 5, No 2 (2022): ICMR
Publisher : Universitas Serambi Mekkah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32672/pic-mr.v5i2.5418

Abstract

The concept of human capital and strategic human resource management are critical to ensure success. Human capital is crucial to increase assets and give long-term advantages to both an enterprise and a country. However, the COVID-19 pandemic which began in early 2020 and still continues today is the reason behind the issues of health deterioration and low life expectancy rates. Similarly, the quality of learning suffered severe disturbance during the pandemic. As a result, this situation is critical for the overall development of human capital in Indonesia. The government's challenging task in the future is to develop a plan to ameliorate the situation in different affected areas such as health, education, and employment. This article examines various literature and supporting data that are relevant to the role of human capital in development in a country, current conditions, obstacles, achievements, and strategies that must be implemented in the framework of recovery from disruptions caused by the global economic crisis and the COVID-19 pandemic, both of which disrupted the overall economic order. This report also illustrates how Indonesia's situation improves human capital while also highlighting its successes. Keywords: Human Capital, Strategic Management, COVID-19 Pandemic, Human Development  
Challenges of Using Dynamic Capability and Knowledge Management to Improve the Performance of Business Organizations Nasyiratudina Nasyiratudina; Syaifuddin Yana; Samsul Ikhbar; Susanti Susanti; Arsyad Arsyad
International Conference on Multidisciplinary Research Vol 5, No 2 (2022): ICMR
Publisher : Universitas Serambi Mekkah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32672/pic-mr.v5i2.5414

Abstract

Knowledge management's primary function is to make commercial organizations more competitive. Business organizations must confront worldwide issues when they transition to the knowledge-based economy era, particularly the employment of knowledge-based information technology. For corporate organizations, knowledge management is a source of competitive advantage. This research used aimed to investigate how dynamic capabilities and knowledge management as one of the strategic management ideas contribute to the overall performance of a corporate organization. The data were facts and expert opinions collected from credible national and international sources. The relationships between studies and prior research pertinent to the evolution of strategic management, knowledge management, challenges and problems, and their impact on the performance of business organizations were analyzed. The results showed that investment in human resources is necessary to implement knowledge management as a source of competitive advantage for commercial companies. Knowledge must be managed through an information system in order to be created, transferred, and shared within the company. Business organizations can implement organizational learning through knowledge management. Additionally, organizations need dynamic capabilities to maintain a competitive edge. These skills, routines, and processes are seen as internal to a corporate organization and allow it to adapt to its environment while making the most use of its resources. This study also demonstrated how information management and dynamic circumstances are crucial for enhancing the effectiveness of corporate organizations. Keywords: Knowledge Management, Business Organization, Dynamic Competitive Advantage