Staff-resources Analytics
do estimation, planning, capacity utilization, allocation and distribution of ‘5M’ resources.
Man (human capital management [social scientists, business analysts, system analysts, project managers], talent acquisition, talent retention, training, reward and recognition);
Machine ( computer hardware, software, internet);
Material ( data at social networking sites, toys, tools for sports and games);
Method (process innovation);
Money (optimal fund allocation, project management, resource allocation, resource distribution).
Prof. Nancy Robson is analyzing the need of staff-resources in terms of 5M (man, machine, material, method and money) for the innovation of social security technologies. In this connection, human capital should be considered as a strategic asset and a sustainable resource of technological innovation. Talent management demands the skills of human resources for the innovation of social security technologies. ‘Man’ explores various aspects of human capital management of technological innovations such as talent acquisition and retention strategy, training and performance evaluation. ‘Machine’ indicates the basic need of computer hardware, software and internet. ‘Material’ is related to toys, equipments and tools used for various types of sports and games. ‘Method’ explores various aspects of process innovation, intelligent mechanism and procedure for the innovation of social security technologies. Finally, ‘money’ explores the scope of optimal fund allocation for innovation and diffusion of technologies.
It is crucial to analyze the dynamics of this technological innovation in terms of sources of innovation and roles of individuals and organizations, government and collaborative networks; various resources required for effective technological evolution and diffusion. Innovation demands the commitment of creative people. Creativity is the underlying process for technological innovation which promotes new ideas through intellectual abilities, thinking style, knowledge, personality, motivation and commitment. Innovation demands the motivation and commitment of creative people. The innovation needs useful and novel support of creative, skilled, experienced and knowledgeable talent. Creative talent can look at the problems in unconventional ways; can generate new ideas and articulate shared vision through their intellectual abilities, knowledge, novel thinking style, personality, motivation, confidence, commitment and group dynamics. A cooperative and collaborative environment must recognize and reward creative talent in time. Organizational creativity is associated with several critical factors such as human capital management, talent acquisition and retention policy, complex and tacit knowledge management strategy and organization structure.