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Human Capital

July 14, 2007

The question is from Guy Kawasaki and the answer is from Jeffrey Pfeffer. If you are wondering where to become more competitive, I know a good company…

Question: What is the key to global competitiveness?

Answer: The data on this are clear—companies choose to locate their R & D facilities on the basis of the availability of talent. This is more important than tax abatements and certainly much more important than rates of pay. If location was determined by cost, Silicon Valley would be empty. The best way to build human capital is through education—both elementary and secondary as well as higher education that is truly world class. This costs money, but it is worth it.

2 Comments leave one →
  1. July 14, 2007 4:25 am

    I’m amazed that he didn’t say leadership but education. I’ve always believed that everything rises and falls on leadership. Education leads to empowerment which is the foundation of leadership. Thanks for posting.

  2. July 14, 2007 4:39 am

    All leadership is based on something. Education takes many forms but must be the foundation of decision making.

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