How New Human Capital Can Enhance the Competitiveness of Individuals and Organizations

Abstract

In the rapidly evolving globalized and technologically advanced world, we are witnessing fundamental shifts in economic structures and a reassessment of the value of human capital. While traditional production factors such as material capital and labor remain important, knowledge, skills, and innovation have become central drivers of development in the knowledge economy era. The concept of "new human capital" emerged in this context, encompassing not only the accumulation of knowledge and skills but also the ability to adapt to change and seize opportunities. New human capital emphasizes learning, innovation, adaptability, and collaboration skills of individuals and teams, which are crucial for building future competitiveness. This paper first outlines the concept and characteristics of new human capital and then analyzes its profound impact on individuals and organizations. This study aims to provide theoretical and practical guidance for the development of individuals and organizations, contributing to societal prosperity and development.