Initiatives to develop human capital should be directed to maintain a competitive advantage in the current knowledge economy.

throughout the firm at all levels

Explanation:

In the current knowledg economy, companies require employees with specialized skills that are able to analyze information and find solutions to keep growing and to achieve this, they need to help their personnel in all the levels to learn and train to have the required knowledge and help the company. According to that, the answer is that initiatives to develop human capital should be directed throughout the firm at all levels to maintain a competitive advantage in the current knowledge economy.

answera public company has access to more capital;