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Human capital? Less well endowed than technological capital

The rhetoric is well-rehearsed and omnipresent in every business: "people are our most valuable asset", "human capital is at the heart of our strategy", and now, even in the age of AI, "it's our employees who will make the difference". These phrases are repeated in speeches, annual reports, company seminars, and employer branding. But behind the slogans, the reality tells a different story. When we look at how staff, budgets, and priorities are allocated, we see that businesses devote far more resources to their IT systems than to their employees. We...

Human capital? Less well endowed than technological capital

The rhetoric is well-rehearsed and omnipresent in every business: "people are our most valuable asset", "human capital is at the heart of our strategy",...

Want to change the world? Change accounting.

Some businesses are founded with the stated aim of changing the world. Others, whether on their own initiative or at the instigation of public...