Human Capital or Hospitality Strategic Management

Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education

Author: Gary Stanley Becker

Human Capital is Becker's classic study of how investment in an individual's education and training is similar to business investments in equipment. Recipient of the 1992 Nobel Prize in Economic Science, Gary S. Becker is a pioneer of applying economic analysis to human behavior in such areas as discrimination, marriage, family relations, and education. Becker's research on human capital was considered by the Nobel committee to be his most noteworthy contribution to economics.
This expanded edition includes four new chapters, covering recent ideas about human capital, fertility and economic growth, the division of labor, economic considerations within the family, and inequality in earnings.
"Critics have charged that Mr. Becker's style of thinking reduces humans to economic entities. Nothing could be further from the truth. Mr. Becker gives people credit for having the power to reason and seek out their own best destiny."—Wall Street Journal

Table of Contents:

	List of Tables
	List of Charts
	Preface to the Third Edition
	Preface to the First Edition
I	Introduction to the Second Edition	3
II	Human Capital Revisited	15
III	Investment in Human Capital: Effects on Earnings	29
IV	Investment in Human Capital: Rates of Return	59
V	Rates of Return from College Education	161
VI	Underinvestment in College Education?	205
VII	Rates of Return from High School Education and Trends Over Time	215
VIII	Age, Earnings, Wealth, and Human Capital	228
IX	Summary and Conclusions	245
X	Human Capital and the Rise and Fall of Families	257
XI	The Division of Labor, Coordination Costs, and Knowledge	299
XII	Human Capital, Fertility, and Economic Growth	323
	App. A. Sources and Methods	351
	App. B. Mathematical Discussion of Relation Between Age, Earnings, and Wealth	370
	Author Index	377
	Subject Index	381

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Hospitality Strategic Management: Concepts and Cases

Author: Jeffrey S Harrison

Useful and comprehensive executive-level coverage of strategic management

Hospitality Strategic Management: Concepts and Cases offers a complete, comprehensive, and managerially useful treatment of strategic management in the hospitality industry. This up-to-date resource provides the most relevant models, theories, and hospitality practices for those interested in managing effectively in today's competitive international hospitality industry.

Hospitality Strategic Management provides a realistic, balanced, and current view of the field by considering the practical aspects of the strategic manager's role, including the acquisition, development, and management of internal resources (such as people, knowledge, financial capital, and physical assets) and relationships with external stakeholders (such as guests, suppliers, owners, franchisors, venture partners, and governmental agencies).

Throughout the book, examples and best practices of leading hospitality organizations are used to illustrate ideas and concepts.

Hospitality Strategic Management:

• Integrates global strategic management theory throughout the text

• Addresses strategic thinking as an essential, creative aspect of the strategy process

• Covers aspects of starting a business, including what a business plan contains, franchising, and entrepreneurship within existing organizations

• Pulls the implementation process together with a careful treatment of organizational design and control

Reflecting the dynamic environment found in the real world, Hospitality Strategic Managementexplains principles and theories with extensive use of examples from various segments of the industry, including lodging, gaming, cruise lines, airlines, and food service.

Complete with free access to case examples online from the Center for Hospitality Research at Cornell University, Hospitality Strategic Management is an invaluable learning tool for industry executives and managers in executive-level training courses and for students.