_____________________________________________________________________________________________________ *Corresponding author: Email: mayowa.olalere@gmail.com; S. Asian J. Soc. Stud. Econ., vol. 21, no. 5, pp. 132-143, 2024 South Asian Journal of Social Studies and Economics Volume 21, Issue 5, Page 132-143, 2024; Article no.SAJSSE.115816 ISSN: 2581-821X Innovative Strategies in Historical Cost, Replacement Cost and Organisation Performance Using Human Resource Mayowa Olalere a* , Olalere Mayowa David b , Odewusi Oyetola b , Aremu Olabode b , Ogunbiyi-daives Biodun b and Adesina Hamed Biola b a Babcock Univeristy, Ilishan Remo, Ogun State, Nigeria. b Department of Accounting, Babcock University, Ilishan-Remo, Ogun State, Nigeria. Author’s contribution This work was carried out in collaboration among all authors. All authors read and approved the final manuscript. Article Information DOI: 10.9734/SAJSSE/2024/v21i5821 Open Peer Review History: This journal follows the Advanced Open Peer Review policy. Identity of the Reviewers, Editor(s) and additional Reviewers, peer review comments, different versions of the manuscript, comments of the editors, etc are available here: https://www.sdiarticle5.com/review-history/115816 Received: 16/02/2024 Accepted: 20/04/2024 Published: 24/04/2024 ABSTRACT Technology is being used in industry and services. Rapid technological advancements alter many industries. Information helps build and sustain the economy. Modern businesses' social responsibility and public image are evolving quickly. According to a recent national survey, many Americans believe corporations should be accountable to shareholders, workers, and local communities. These changes are not reflected in modern financial reporting. A strategy-language approach for comparing the two methods is needed. This method integrates strategies from seemingly unrelated innovation types and allows systematic strategic analysis. Large commercial banks could consider including human resource expenditures in their asset structure and improving information quality via revenue expenses, which might positively impact their share price. The "human resources valuation approach" as a company performance measurement tool has gained popularity, boosting the use of metrics in human resource accounting. More studies are exploring the relationship between performance and HR. Original Research Article