Adam Smith has two principles: laissez faire and absolute advantage theory. This study has 3rd dimension for wealth of nations. It is intellectual capital. Because intellectual capitals increase GDP of nations, and create wealth for nations. ICs have accumulated knowledge, and ICs make...

Objective of this study is to argue transittion from HRM to SHRM. In addition, this study also discusses theory of strategic human resource management (SHRM). Research methodology of this study is based on argument from SHRM literature. Significant of paper is discussion of SHRM theory. Keyterms...

This study searches for use of simplex theory in talent management. It is a research topic belonging to this study. Human resource management (HRM) can be described with performance focus and talent management. This study presents a new perspective in talent management. Firstly, Talent...

Human resource accounting is related with intellectual capital in literature. This study adds another dimension for human resource accounting field. It is costs, human resource management related costs. Research topic is intellectual capital and human resource costs in human resource accounting....

This study explores cluster innovation, and it benchmarks Styria Model of Austria as model for cluster innovation. and it recommends a new model for clusteral innovation. This model is named as Cobweb Theorem. Styria model is a model for cluster formation, and it is a model for innovation in...

This paper aims to find unit cost of a product for firms. It establishes a linear cost model to find unit cost. Linear goal programs assume a direct relationship between independent variable and dependent variable. Dependent variable of linear model is unit cost. Independent variables are cost...

Strategic Management of finance is to use balanced scorecard in evaluating performance of creditee. Balanced scorecard covers organizational performance and financial performance. So, financial analysists may measure both organizational and financial performance of creditee firms to analyze...

It may become responsibility of HRM departments in firms to gain theoretical knowledge for professionals. For example, training division may organize theoretical training program for marketing professionals in marketing field. or HR department may enroll professionals for PhD and MBA programs,...

Research topic of this paper is to discuss theory of Human Resources Management (HRM) and to discuss using of quantitative methods in HRM. Firstly, five variables establish HRM theory. They are HRM practices, positive organizational behaviors, individual performance, performance of business...