Resources are very important and crucial for the success of any organization
1 Time
A very important resource because a wrong decision to launch a new product for e.g lead to a disaster
2 Money
Without money no business runs so this act as fuel to run the business without money companies will go bankrupt so decisions made with huge money investment are thinked twice so that in future if anything happens the company should sustain growth
3 Employees or Manpower
The most important resource for any good producing company or a service company
4 Services
Are major resource for many companies especially a service oriented company like courier service or Banking sector,hotel business etc.
5 Machinery
It forms important part in manufacturing or product oriented companies like Car companies needs special machines to produce or assemble car etc.
6 Information
A huge collection of data leads to information and further proper analysis of this information leads to knowledge vital for any organization.
Challenge for any manager in an organization is to find the best fit and choose the Good Quality resource in sufficient quantity so that expectation & requirement can be met
The most important resource is the Human Resource and now organization used to maintain a separate department known as Human Resource Department which is responsible for all the requirements pertaining to Manpower or human resource.
1 Time
A very important resource because a wrong decision to launch a new product for e.g lead to a disaster
2 Money
Without money no business runs so this act as fuel to run the business without money companies will go bankrupt so decisions made with huge money investment are thinked twice so that in future if anything happens the company should sustain growth
3 Employees or Manpower
The most important resource for any good producing company or a service company
4 Services
Are major resource for many companies especially a service oriented company like courier service or Banking sector,hotel business etc.
5 Machinery
It forms important part in manufacturing or product oriented companies like Car companies needs special machines to produce or assemble car etc.
6 Information
A huge collection of data leads to information and further proper analysis of this information leads to knowledge vital for any organization.
Challenge for any manager in an organization is to find the best fit and choose the Good Quality resource in sufficient quantity so that expectation & requirement can be met
The most important resource is the Human Resource and now organization used to maintain a separate department known as Human Resource Department which is responsible for all the requirements pertaining to Manpower or human resource.
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