The Impact of Human Capital on the Efficiency of Technological Innovation Application

A problem of giving a quantitative evaluation of how the human capital affects the level and dynamics of the innovation-driven technological development of economic production systems of various levels, including manufacturing enterprises, has not yet been expressly solved. This fact lowers the scientific validity level of strategies for the technological development of a country, regions, branches of economy and individual enterprises. The objective of this work is to develop a framework methodology for such an evaluation to be applied at manufacturing enterprises, which is based on a new theoretical and methodological foundation of the investment and innovation analysis of production systems performance. To this end, it is proposed, first, to identify three levels of human capital management. Second, to calculate the values of the proposed factor of the produce-ability level as the material productivity to capital productivity ratio for a number of enterprises operating in the same industry and for each management level. Third, for each of the three enterprise management levels, to conduct a survey and hold an opinion poll to determine the significance (importance) rating of each of the main human capital factors that influence the innovation-driven technological development. The methodology will help, first, to assess the composite index of the enterprise human capital at different levels of its involvement in terms of its impact on the implementation of technological innovations. Second, to estimate the efficiency of human capital management at the enterprises at different levels of its involvement. Third, to evaluate the efficiency of the enterprise innovation in the field of the involved human capital. Fourth, to shape the requirements for the human capital quality improvement both internally (enterprise) and externally (educational system).