Brain drain refers to the migration of highly skilled and educated individuals from one country to another, often in search of better career prospects, living conditions, or educational opportunities.
In finance and accounting, 'capital' refers to various forms of assets, interests, or financial contributions that play a critical role in the functioning of an entity or the production process, enhancing productivity and enabling operations.
Human capital refers to the skills, knowledge, and experience possessed by an individual, viewed in terms of their value to an organization. This concept helps explain variations in wages and employment decisions in the labor market.
Intellectual capital is a complex and multifaceted concept that includes human knowledge, information systems, brand names, and reputation. It is crucial for understanding the true value and performance of a company.
Learn about involuntary unemployment, where workers willing to work for lower wages are unable to find employment, often during economic recessions.
The Learning and Growth Perspective of the Balanced Scorecard focuses on the intangible assets like human capital, information capital, and organizational capital that drive continuous improvement and growth in an organization’s strategy.
