ENTREPRENEURSHIP

Detailed explanation-1: -Human capital is the collective value of the capabilities, knowledge, skills, life experiences, and motivation of an organizational workforce. Sometimes human capital is called intellectual capital to reflect the thinking, knowledge, creativity, and decision making that people in organizations contribute.

Detailed explanation-2: -The definition of human capital is the economic value that a person, or group of people, brings to an organization based on their training, skills, loyalty, motivation, and well-being. These intangible qualities help companies produce and sell their goods or services.

Detailed explanation-3: -Competency: The combination of observable and measurable knowledge, skills, abilities and personal attributes that contribute to enhanced employee performance and ultimately result in organizational success. To understand competencies, it is important to define the various components of competencies.