Explain how the human capital makes a country attractive in the global arena.
What will be an ideal response?
A company's potential to find and maintain a qualified workforce is an important consideration in any decision to expand into a foreign market. Thus, a country's human capital resources can be an important HRM issue. Human capital is the productive capabilities of individuals-that is, the knowledge, skills, and experience that have economic value. A country's human capital is determined by a number of variables. A major variable is the educational opportunities available to the labor force. A country's human capital may profoundly affect a foreign company's desire to locate there or enter that country's market. Countries with low human capital attract facilities that require low skills and low wage levels. Countries with high human capital are attractive sites for direct foreign investment that creates high-skill jobs.
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Indicate whether the statement is true or false
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a. Pareto chart b. assembly chart c. process chart d. value stream mapping (VSM)
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____________________ often has a unique characteristic that is being measured or compared with the base
Fill in the blank(s) with correct word