Analysis of Business Management and Personnel Incentive Theory

The 21st century is the competition for talent, human capital is the most important capital. In the knowledge economy era, the traditional advantages of natural resources will gradually be replaced by intelligence. Knowledge, science and technology will become the decisive factor in economic development, more and more wealth to countries with knowledge advantage and technological advantages, regional, businesses and individuals gather. The strength of the country's position in the international competition depends on scientific and technological strength and quality of talent fundamentally. A finding from Harvard University economist Robert Barro showed: hinder poor countries catch up with the rich factor, not a lack of physical capital, but the lack of human capital. Human capital he referred to here actually refers to a knowledge-based talent, high-tech talent. Therefore, in the era of knowledge economy, rich in natural resources is no longer a decisive factor in wealth, intelligence resources, knowledge-based professionals, high-tech talent possession is out of poverty, enhance the comprehensive national strength of the key. Therefore, attention to personnel, particularly those with innovative spirit and ability of high-tech talent, is the focus of competition in the era of knowledge economy.