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ERIC Number: EJ1371472
Record Type: Journal
Publication Date: 2023
Pages: 14
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-2046-9012
EISSN: EISSN-2046-9020
How the Validation of Prior Learning Can Be Used to Assess Entrepreneurial Human Capital Investments and Outcomes
Fahrenbach, Florian
European Journal of Training and Development, v47 n10 p1-14 2023
Purpose: This paper aims to depart from the premise that human capital investments and human capital outcomes are often tacit -- an aspect, which is often neglected in the current literature on entrepreneurial human capital. The idea of this conceptual paper is to shed light on the social process of how human capital investments and human capital outcomes can be valued and made visible through the validation of prior learning. Thus, this study conceptualises the validation of prior learning as a post hoc, the reflective process through which an aspiring entrepreneur is guided. Design/methodology/approach: This paper is conceptual and introduces a process model. Findings: Findings indicate that the process of the validation of prior learning is well-suitable to inform aspiring entrepreneurs of their investments into human capital and their human capital outcomes. The process results in a (partial) certified qualification that provides entrepreneurial legitimacy. Research limitations/implications: Thus far, the model is conceptual and should be validated via interviews and further empirical studies in the field. Practical implications: Literature in the field of entrepreneurial human capital suggests that human capital outcomes are more important for success than inputs. Furthermore, context-specific knowledge, skills and abilities are more important than generalised outcomes. These findings have implications for the design of validation procedures. Originality/value: Human capital has only been recently conceptualised as consisting of human capital investments and outcomes of human capital investment. However, thus far the literature falls short in acknowledging the tacit nature of human capital investments and human capital outcomes. This paper contributes a structured process of how human capital investments and human capital outcomes are linked and assessed. In so doing, this study extends a recent model of human capital investments and outputs (Marvel "et al.," 2016, p. 616).
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Publication Type: Journal Articles; Reports - Evaluative
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A