Abstract—In this challenging business environment, development of human capital is crucial in order to sustain the highly skilled workforce to support the move towards greater productivity and higher value-added activities in Small Medium Enterprise (SMEs). Human capital development is a core element to sustain human capital inculcation of entrepreneurship culture as well as the development of strong entrepreneurial skills. The knowledge transfer model has been practised to ensure the objective of the human capital plan to be achieved through human resources process. Given the fact that knowledge transfer is the linkage of retaining and skills upgrading of human talent, this model is developed to fulfil the absence of producing knowledgeable human capital by concentrating on the knowledge infrastructure and knowledge process. In its essence, this framework shows how human resource processes apply the concepts of knowledge transfer model and address the consequences to SME sectors. Additionally, it can prove to be more innovative and may become a main contributor to economic development.
Index Terms—Knowledge transfer, human capital, strategic human resources.
Wan Edura Wan Rashid is with Business Management Universiti Teknologi Mara (e-mail: email@example.com).
Cite:Norfadzilah Abd Razak, Wan Edura Wan Rashid, Hairunnisa Ma’amor, Nini Hartini Asnawi, Nor Lela Ahmad, and Nur’Ain Achim, "Leveraging Knowledge Transfer in Strategic Human Resource Management," International Journal of Trade, Economics and Finance vol. 4, no. 4, pp. 168-172, 2013.