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Knowledge and Human Capital as Sustainable Competitive Advantage in Human Resource Management

Author

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  • Miloš Hitka

    (Faculty of Wood Sciences and Technology, Technical University in Zvolen, T. G. Masaryka 24, 960 01 Zvolen, Slovakia)

  • Alžbeta Kucharčíková

    (Faculty of Management Science and Informatics, University of Žilina, Univerzitná 8215/1, 010 26 Žilina, Slovakia)

  • Peter Štarchoň

    (Faculty of Management, Comenius University in Bratislava, Odbojárov 10, P.O. BOX 95, 82005 Bratislava, Slovakia)

  • Žaneta Balážová

    (Faculty of Wood Sciences and Technology, Technical University in Zvolen, T. G. Masaryka 24, 960 01 Zvolen, Slovakia)

  • Michal Lukáč

    (Faculty of Social Sciences, University of SS. Cyril and Methodius in Trnava, Bučianska 4/A, 917 01 Trnava, Slovakia)

  • Zdenko Stacho

    (Institut of Civil Society, University of SS. Cyril and Methodius in Trnava, Bučianska 4/A, 917 01 Trnava, Slovakia)

Abstract

The ability to do business successfully and to stay on the market is a unique feature of each company ensured by highly engaged and high-quality employees. Therefore, innovative leaders able to manage, motivate, and encourage other employees can be a great competitive advantage of an enterprise. Knowledge of important personality factors regarding leadership, incentives and stimulus, systematic assessment, and subsequent motivation factors are parts of human capital and essential conditions for effective development of its potential. Familiarity with various ways to motivate leaders and their implementation in practice are important for improving the work performance and reaching business goals. Pearson’s chi-square test is used to test correlation between the motivation factors relating to career aspiration and education. Following the research results, the fact that there is dependence between the motivation factors relating to career aspiration and completed education can be stated. The motivation factors relating to career aspiration are important, even very important for highly educated employees and employees with upper secondary education. Following the research results, the fact that the requirements and expectations relating to career aspiration are more demanding when the education completed by employees is higher is confirmed.

Suggested Citation

  • Miloš Hitka & Alžbeta Kucharčíková & Peter Štarchoň & Žaneta Balážová & Michal Lukáč & Zdenko Stacho, 2019. "Knowledge and Human Capital as Sustainable Competitive Advantage in Human Resource Management," Sustainability, MDPI, vol. 11(18), pages 1-18, September.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:18:p:4985-:d:266581
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    References listed on IDEAS

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    2. Anca-Ioana Munteanu & Nicolae Bibu & Marian Nastase & Nicoleta Cristache & Cosmin Matis, 2020. "Analysis of Practices to Increase the Workforce Agility and to Develop a Sustainable and Competitive Business," Sustainability, MDPI, vol. 12(9), pages 1-14, April.
    3. Jeong-min Ryu & Sewon Park & Yoonseo Park & Jeongwon Park & Munjae Lee, 2021. "Innovative Culture and Firm Performance of Medical Device Companies: Mediating Effects of Investment in Education and Training," IJERPH, MDPI, vol. 18(17), pages 1-14, August.
    4. Agota Giedrė Raišienė & Violeta Rapuano & Kristina Varkulevičiūtė & Katarína Stachová, 2020. "Working from Home—Who Is Happy? A Survey of Lithuania’s Employees during the COVID-19 Quarantine Period," Sustainability, MDPI, vol. 12(13), pages 1-23, July.
    5. Mariana Sedliačiková & Patrik Aláč & Mária Moresová, 2020. "How Behavioral Aspects Influence the Sustainable Financial Decisions of Shareholders: An Empirical Study and Proposal for a Relevant Decision-Making Concept," Sustainability, MDPI, vol. 12(12), pages 1-18, June.
    6. E.V. Orlova, 2021. "Assessment of the Human Capital of an Enterprise and its Management in the Context of the Digital Transformation of the Economy," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 20(4), pages 666-700.
    7. Lukáš Smerek & Milota Vetráková & Šárka Čemerková & Vojtěch Malátek, 2020. "Comparison of the Level of Personnel Work in the Czech Republic and Slovakia," Sustainability, MDPI, vol. 13(1), pages 1-16, December.
    8. Tomasz Skica & Jacek Rodzinka & Elzbieta Ociepa-Kicinska, 2021. "Organizational Forms of Entrepreneurship Support: A Case Study," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 367-385.

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