What If Companies Managed People as Carefully as They Manage Money?

Harvard Business

Today’s executives spend a lot of time managing the balance sheet, despite the fact that it doesn’t represent their company’s scarcest resource. Financial capital is abundant but carefully managed; human capital is scarce but not carefully managed. In part, it’s because we value and reward good management of financial capital. Great CEOs are held in high regard for their clever management and allocation of financial capital.