THE ROLE OF HUMAN CAPITAL IN THE INNOVATION MANAGEMENT PROCESS

Abstract

The high dynamics of contemporary economic conditions, technological progress, and global competition make human capital extremely important in the context of implementing innovations that enable the broadly understood development and competitiveness of an organization. At every stage of the innovation life cycle, human capital, including the knowledge, skills, and experience of employees, plays a key role. This article aims to examine the importance of human capital as a factor supporting creativity and generating ideas, contributing to the creation and implementation of innovative solutions in organizations. It defines the concepts of human capital and innovation and characterizes the results of selected reports of national institutions regarding the analyzed constructs. Moreover, the importance of human capital in the context of organizational innovation and management of innovative processes is emphasized.

Keywords

• human capital
• capital
• human capital management
• innovation
• innovation management process