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According to Ajay Srinivasan, a financial leader and the former CEO of Aditya Birla Capitals, u201cHuman potential is the vast, largely untapped capacity within each person to learn, grow, create and lead a meaningful life. When we want someone to utilise their potential, we wish that they become the u201cbest version of themselvesu201d.<br><br>
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Ajay Srinivasan Speaks About The Importance of Human Potential in Driving Organisational Success
If you are part of this dynamic business world, you must be aware that human capital resources are the key to long-term company success. In this modern era of technology, innovation, and strategic decision-making, human resources have turned out to be invaluable in propelling business growth. An organisation displays a plethora of potential that promotes business growth and perpetual learning. However, that is only possible with proper human resource management.
Understanding human capital: Do you know how a company exactly stands out from its competitors? Is it because of technological advancements? No, it is purely because of invaluable human assets. As a company drives growth, success and innovation, it goes way beyond individual talent. A company’s success is more about collaboration, teamwork, and the synergy that happens when diverse perspectives come together.As per Ajay Srinivasan News, human potential is a complex concept determined by a combination of biological, social, environmental and psychological factors.
How does human capital help a firm in enhancing its performance? Leadership: As far as the leadership role goes, human capital comes first. High-performing cultures can only be achieved with top-notch leadership. Most top companies are in need of leaders who can inspire, aspire, and lead by example. This is only possible when you hire the right talent. Adaptability: As today’s businesses are becoming more dynamic, the ability to evolve is becoming more crucial. A firm which is deeply focused on human capital management can help in ensuring that an organisation maintains adaptability. The company is also able to grow along with change.
The impact of human capital on company success: Enhanced efficiency and productivity: Human assets have a direct role to play in enhancing business productivity and efficiency. Productivity is the direct outcome of the investment in human resources. When your employees have the required knowledge, skills, and experience, productivity will inevitably increase. This will also bring about efficiency to your organisation.