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Article
Resource-Based Perspective of Education: A Multi-Level Analysis of the Value of Creating Human Capital
Journal of Applied Management and Entrepreneurship (2014)
  • Murat Arik, Middle Tennessee State University
  • Timothy C. Dunne, Middle Tennessee State University
Abstract
This paper explores how individuals can manage personal resources and establish competitive advantage by human capital development. We draw a connection between the resource-based view and career success literature to propose how developing one’s personal resources will result in positive career outcomes for the individual. Additionally, we extend this to the community level suggesting how this view of human resources can be applied at the aggregate level – thereby leveraging human capital to generate positive outcomes for communities or regions. Analysis of data indicates that investing in additional years of schooling is good for both the individuals and communities. Findings also suggest that this development of human capital to gain a competitive advantage varies by industry. Results from this study highlight the usefulness of the resource-based view for actors other than firms, and that developing personal resources can produce an individual competitive advantage. 
Publication Date
October, 2014
Citation Information
Murat Arik and Timothy C. Dunne. "Resource-Based Perspective of Education: A Multi-Level Analysis of the Value of Creating Human Capital" Journal of Applied Management and Entrepreneurship Vol. 19 Iss. 4 (2014) p. 3 - 23 ISSN: 10771158
Available at: http://works.bepress.com/timothy-dunne/2/