“Human capital development” has definitely achieved buzzword status. As a phrase, it’s ubiquitous in the entrepreneurship and business-oriented press. You can even study it through a certification program at an Ivy League university.
But what, exactly, is human capital development? More importantly, why is it so important for business success, and how does a small business owner go about actually investing in it the right way? Sure, it might make sound financial sense — and constitute a relative drop in the budget bucket — for a large company. But, does it even make sense for smaller businesses, with smaller budgets that may already be stretched thin?
