The ‘fractal dimension’ of the market potential–human capital relation

Purpose The purpose of this paper is to uncover the underlying drivers of sustained high performing companies based on a field study of 127 companies in Brazilian, Russian, Indian and Chinese (BRIC) and Association of Southeast Asian Nations (ASEAN) emerging markets. Understanding these companies provides a complementary way of appraising the growth, development and transformation of emerging markets. The authors synthesize the findings in an overarching framework that covers six strategies for building and sustaining legacy that leads to the succession of intergenerational wealth over time: overcoming institutional voids, inclusive markets, deepening localization, nurturing government support, building core competencies and harnessing human capital. The authors relate these strategies to different levels of development using Prahalad and Hart’s BOP framework. Design/methodology/approach This study examines the underlying drivers of sustained high-performance companies based on field studies from an initial set of 105,260 BRIC companies and close to 500 companies in ASEAN. The methods employed four screening tests to arrive at a selection of the highest-performing firms: 70 firms in the BRIC nations and 58 firms from ASEAN. Following the selection, the authors constructed cases using primary interviews and secondary data, with the assistance of Ernst & Young and with academic colleagues in Manila. These studies were originally conducted in two separate time periods and reported accordingly. This paper synthesizes the findings of these two studies to arrive at an extended integrative framework. Findings From the cases, the authors examine six strategies for building and sustaining legacy that lead to high performance over time: overcoming institutional voids, creating inclusive markets, deepening localization, nurturing government support, building core competencies and harnessing human capital. To address the evolving state of institutional voids in these countries, the authors employ similar methods to hypothesize the placement of these strategies in the context of the world economic pyramid, initially formulated as the “bottom of the pyramid” framework. Originality/value This paper synthesizes and extends the authors’ previous works by proposing the concept of legacy to describe the emergence and succession of local exemplary firms in emerging markets. This study aims to complement extant measures of nation-growth based primarily on GDP. The paper also extends the literature on institutional voids in shifting the focus from the mix of voids to their evolving state. Altogether, the paper provides a complementary narrative on assessing the market potential of emerging markets by adopting several categories of performance.

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The Role of Human Capital, Market Potential and Natural Amenities in Understanding Spatial Wage Disparities in Chile

Spatial Economic Analysis ◽

10.1080/17421772.2013.774094 ◽

2013 ◽

Vol 8 (2) ◽

pp. 154-175 ◽

Cited By ~ 14

Author(s):

Dusan Paredes

Keyword(s):

Human Capital ◽

Capital Market ◽

Market Potential ◽

Natural Amenities ◽

Wage Disparities

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PROFESSIONAL EDUCATION AND HUMAN CAPITAL DEVELOPMENT DIFFICULTIES IN GEORGIA UNDER THE MODERN GLOBALIZATION TERMS

Globalization and Business ◽

10.35945/gb.2018.06.032 ◽

2018 ◽

pp. 211-217

Author(s):

MURMAN TSARTSIDZE

Keyword(s):

Human Capital ◽

Labor Market ◽

Educational System ◽

Professional Education ◽

Market Potential ◽

Human Capital Development ◽

Correct Orientation ◽

Potential Formation ◽

Capital Development ◽

Effective Use

Unfortunately, in the epoch of modern globalization, the main priority of the country is still the unemployment and the poverty overcoming. In such situation it is clear, that the economic development and the significant improvement of the population’s living standards cannot be achieved without human resources development, effective use of the labor potential, formation of civilized labor market and organization of the professional educational system according to the modern standards. The latter should favor the development of the main state strategy task – labor force oriented to the labor market demands and accordingly, the human capital development, significant increase of the competitiveness in the local and international markets. Proceeding from the actuality of the issue, in the work the role of education, especially the professional education, as the social-cultural phenomena is considered. The main problems and challenges of the field are studied. We have documented that in the terms of modern globalization the level, quality of functioning of the professional educational system and its correct orientation towards the labor market demands to determine the human capital development in the country, labor market potential their quality perfection and their use prospective.

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Human Capital's Perception and Attitude towards Micro Insurance

GBAMS- Vidushi ◽

10.26829/vidushi.v9i02.12285 ◽

2017 ◽

Vol 9 (02) ◽

Author(s):

Ashutosh Dwivedi ◽

Rajesh Kumar Singh

Keyword(s):

Human Capital ◽

Market Potential ◽

Rural Poor ◽

Sample Design ◽

Design Data ◽

Foregoing Discussion ◽

Micro Insurance ◽

Client Needs ◽

Intended Use ◽

Current Risk

The range of topics for microinsurance market potential research can be broad, depending on the intended use of findings and the time and resources available. Research can be carried out at three levels, namely understanding client needs, including their current risk management behavior, product-specific research and an analysis of the overall market potential. Thus, keeping in view the foregoing discussion on the market potential researches in the area of microinsurance, the present effort subsumes knowledge, perception, and attitude of rural human capital about insurance. The first section of the study elaborates the backdrop/statement of the problem, the second section outlines the objectives, and the third section discusses the Sample Design, Data and Methodology of the Study. Findings of the study have been outlined in the fourth section and the fifth section concludes the study and offers fruitful suggestions for extending microinsurance to the rural poor who are indeed a human capital of the nation.

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To the question of the structure of intellectual capital and the assessment of human capital as its component in determining the market value of the metallurgical industry enterprises

Theory and practice of metallurgy ◽

10.34185/tpm.1.2019.07 ◽

2019 ◽

Vol 1 (1) ◽

pp. 54-61

Author(s):

Korogod N ◽

Fonarova T

Keyword(s):

Human Capital ◽

Intellectual Capital ◽

Market Price ◽

Market Value ◽

Metallurgical Industry ◽

Market Potential ◽

Metallurgical Enterprise ◽

Current Accounting ◽

Definition Of ◽

The Impact

Purpose. The purpose of the study is to determine the structure of intellectual capital of an enterprise and to determine in this structure the role and value of human capital. This is important in terms of the impact of the value of human capital on the total cost of capital of the enterprise, which in turn leads to an increase in market value, in particular, metallurgical enterprises. Methodology. In the article the object of research is methodical approaches to the definition of cost indicators of human capital of the enterprise. The study uses the principles of a systematic approach. The concept proposed in the article is based on the assumption that human capital, as well as intellectual capital, and capital of the enterprise as a whole, has the corresponding value, which forms the level of operating and investment costs. Findings. It is proved in the paper that "human capital" and "intellectual capital" are closely interconnected, and are part of the overall capital structure of the company, but are not identified with it. On the basis of the established relationship between the value of human capital of the enterprise and the market value of the enterprise, a set of indicators is provided within the framework of the current accounting reporting, which enables the management of the company to carry out an additional assessment of the market value of the enterprise by the value of its human capital, which makes the price setting more fair and is a powerful incentive for stakeholders, namely investors and shareholders. Proceeding from this, the set of indicators presented in the work enables the management of the enterprise to increase the market potential of the enterprise on the basis of the relationship established between the work value of intellectual capital, the human capital of the enterprise and the market value of the enterprise itself. As a result of the analysis, concrete recommendations were given to the metallurgical enterprise, for which the calculations were made. The enterprise of Dniprovsky Metallurgical Plant should consider a number of positive and negative factors that will accompany its further development. Originality. Scientific novelty is to determine the place of human capital in the structure of intellectual capital and the influence of these structural elements on the market potential of the enterprise and on the market value, as a result of realization of the potential of the enterprise in the conditions of market activity. Practical value. The results will allow the metallurgical industry to estimate the value of human capital in the current accounting standards and to make an overvaluation of the market value of the company. In turn, the fair market price of the company will allow investors and shareholders to be interested in ensuring sustainable development of the enterprise and increasing its competitiveness in the market.

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Use of fractals to describe microstructures of porous thick-film platinum electrodes

Proceedings, annual meeting, Electron Microscopy Society of America ◽

10.1017/s0424820100121971 ◽

1992 ◽

Vol 50 (1) ◽

pp. 314-315

Author(s):

Steven D. Toteda

Keyword(s):

Fractal Dimension ◽

Power Plants ◽

Electrical Response ◽

Cubic Phase ◽

Platinum Electrodes ◽

Fine Grained ◽

Impedance Response ◽

Platinum Particles ◽

Energy Surfaces ◽

Highly Porous

Zirconia oxygen sensors, in such applications as power plants and automobiles, generally utilize platinum electrodes for the catalytic reaction of dissociating O2 at the surface. The microstructure of the platinum electrode defines the resulting electrical response. The electrode must be porous enough to allow the oxygen to reach the zirconia surface while still remaining electrically continuous. At low sintering temperatures, the platinum is highly porous and fine grained. The platinum particles sinter together as the firing temperatures are increased. As the sintering temperatures are raised even further, the surface of the platinum begins to facet with lower energy surfaces. These microstructural changes can be seen in Figures 1 and 2, but the goal of the work is to characterize the microstructure by its fractal dimension and then relate the fractal dimension to the electrical response. The sensors were fabricated from zirconia powder stabilized in the cubic phase with 8 mol% percent yttria. Each substrate was sintered for 14 hours at 1200°C. The resulting zirconia pellets, 13mm in diameter and 2mm in thickness, were roughly 97 to 98 percent of theoretical density. The Engelhard #6082 platinum paste was applied to the zirconia disks after they were mechanically polished ( diamond). The electrodes were then sintered at temperatures ranging from 600°C to 1000°C. Each sensor was tested to determine the impedance response from 1Hz to 5,000Hz. These frequencies correspond to the electrode at the test temperature of 600°C.

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