The Role of Human Capital in Managing Private Sector Crises and Ways to Promote Sustainable Development

Abstract

Natural, Social, Technological, And Financial Capital, As Well As The Intricate Relationships Between Them, Must All Play A Part In Any Analysis Of Sustainability. The Value, Practicality, And Potential Of Any Type Of Capital Originates With The Human Mind And The Social Innovations That Result From It. Therefore, Human Capital, Which Includes Social Capital, Is The Most Important Factor In Determining The Sustainability And Efficiency With Which Resources Are Used. The Humanity Is Undergoing A Transition From Its Animalistic Physical Form To A Socially Vibrant, Individually Minded Being. This Shift Has Far-Reaching Implications For People's Capacity For Creative Work, Flexibility, Originality, And Values, As Well As The Structure Of The Economy, Public Policy, Social Consciousness, And Lifestyle Choices That Together Define Sustainability. This Paper Looks At The Importance Of Human Capital In Preventing And Resolving Crises In The Private Sector, As Well As In Fostering Long-Term Sustainability. This Research Used A Partial Least Squares Structural Equation Model To Analyse Data From 232 Participant Questionnaires (Pls-Sem). The Results Demonstrated That Human Capital Has Considerable And Favourable Effect On Sustainable Development In Jordanian Private Sector. It Stated That Development Of Human Capital Is The Primary Determinant Of Long–Term Sustainability And That Attempts To Accelerate The Evolution Of Human Consciousness And Emergence Of Mentally Self-Conscious Persons Will Be The Most Effective Way For Assuring A Sustainable Future. The Most Powerful Tool Is Education. Human Choice Important.