The importance of human capital and the human organization management in a crisis situation

• Main Author: Lazarov Alexandru-Sebastian
• Format: Article
• Language: English
• Published: Sciendo 2020-07-01
• Series: Proceedings of the International Conference on Business Excellence
• Subjects: human capital; human factor; human organization management; state of crisis; organization needs; level of connection
• Online Access: https://doi.org/10.2478/picbe-2020-0086

The main attributes of an organizations are characterized as open and dynamic social systems, able to develop individually. In essence, an organization is a social system with human capacity, beyond the means of production, essential to the formation, operation and development of an organization. Interactions between people and the connections between them are important in achieving the goal of the organization. The objectives of the organization must coincide with the goals of the organization’s leadership and meet the needs of those involved in the production system, so the level of connection between human capital and resources is essential. Human capital is the most important factor for the organization, it represents the accumulation of professional skills, combined with the creativity and initiative of each person, together generating essential resources to the organization and producing services and materials meant to generate profit. Each organization invests in forming and developing the human capital in order to create specialists in the industrial branches that the organization develops. Satisfaction with the basic needs of employees is an essential factor in the organization’s development. If this is not the case, the human capital can be destabilized slightly and can cause the state of crisis. Defeating human primordial needs can lead to an increase in the state of crisis of the organization, thus being able to evolve until the collapse of the organization.