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Business Environment by A. C. Fernando

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6

HUMAN RESOURCE DEVELOPMENT

After reading this chapter, you will be able to understand and appreciate the role of human resource development in the growth of business and economy and know the reasons why India occupies a low rank in the Human Development Index and how best we can improve its position.

Two thousand years ago, Plato said man is a social animal. During the same period, Aristotle averred that man is a political animal. At a later period, Machiavelli said “Man is an anti-social animal. Man is basically an animal and he needs socialization”. For this socialization and civilization, he needs education and training. There was a period when physical capital (also called conventional or non-human capital) was considered to be the ...

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