Page 29 - IC90 Human Resource Management
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services.
Resources are of many kinds. Every kind of resource needs to be managed
differently. The subject of materials management deals with concepts relating
to the ways of managing materials. Financial management deals with the ways
to manage money. Operations management deals with the production process
which includes how to manage machines. We also have several concepts on
managing Time. Personnel management focuses on people. Hence all of them
focus on: Getting the best out of the resource concerned and Not allowing it to
be wasted.
2. Employees: Most valuable assets
Over a period of time, it was recognised that the most important of all assets of
an organisation is its people. Many managers say that even if they lose all the
money and machines, they would be able to rebuild their enterprises all over
again, if their people are not lost. A CEO said that all his assets walked out of
his office at 5 pm, the time the office closes.
