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Personnel policies as creator and forerunner of innovation processes

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  • Meinhard Knoche

Abstract

When it comes to improving the innovative power of enterprises, good personnel policies are determining factors. Innovations come from human capital, which is a critical bottleneck in enterprises in two respects: As decision-makers human capital defines enterprise strategies, sets the future course and determines the allocation of resources; as service providers human capital is the soil in which new ideas grow and are implemented as products, services and new procedures. The more knowledge-based an enterprise is, the more human capital is the factor that determines competitiveness. This article shows how personnel policies can help enterprises into a success spiral and increase their innovative strength.

Suggested Citation

  • Meinhard Knoche, 2005. "Personnel policies as creator and forerunner of innovation processes," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 58(01), pages 14-22, January.
    • Handle: RePEc:ces:ifosdt:v:58:y:2005:i:01:p:14-22
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    References listed on IDEAS

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    1. Foders, Federico, 2000. "Demographie und Bildung: gehen uns die Qualifizierten aus? Auswirkungen der Bevölkerungsentwicklung auf das deutsche Bildungssystem," Kiel Working Papers 1003, Kiel Institute for the World Economy (IfW Kiel).
    2. Sonja Munz & Wolfgang Ochel, 2001. "Demand for Skilled Labour in the Presence of High-level Unemployment," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 5.
    3. Meinhard Knoche, 2004. "Capital or ballast? Personnel policies in phases of economic weakness," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(16), pages 12-20, August.
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    Cited by:

    1. Meinhard Knoche, 2007. "German enterprises in the globalisation process - personnel as the success factor," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 60(06), pages 17-28, March.

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    More about this item

    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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