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(From Journal of Japanese Trade & Industry (JJTI))
Byline: Inoki Takenori
Are Business Corporations Rational Entities? To a scholar such as this writer doing research on corporate skill development and personnel nurturing, business firms seem to be instruments for selecting human resources while educating and training them. Put another way, I regard business firms as organizations endeavoring to realize 1) maximum productivity through the optimum combination of human resources they possess at a given time, and 2) an optimum portfolio of human resources by nurturing them over the middle and long term through competition and selection mechanisms. In fact, ...