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How does effective human resources management decrease cost operations and increase profit of a organization?
Effective HRM decreases cost of production and increases the profit of a company. We say effective in the manner that employees' morale is in its' peak to be able to carry out job well. In this situation, it leads the organization to have a reduction of the wages based on time, effort, and resources because employees do job very well. It also causes the employees to have harmony in the workplace which causes them to accomplish more work or yield to increase in output which offer more profits as well.
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Discuss the functional area of management?
Discuss the functional area of management? The functional area of management includes the tasks and responsibilities of planning, organizing, leading, and controlling an organization's resources in order to achieve its goals and objectives. These resources can include financial, human, technological, and natural resources. Effective management in these areas helps to increase efficiency, productivity, and overall performance of the organization. The functional areas of management include operations management, human resources management, financial management, and strategic management. My recommendation: ｈｔｔｐｓ：／／ｗｗｗ．ｄｉｇｉｓｔｏｒｅ２４．ｃｏｍ／ｒｅｄｉｒ／３９１１１３／Ｍｉｃｈｉｙａｎａ／
Fundamentals of management?
The fundamentals of management will provide a set of functions which will be used in utilization of resources. This is what promotes efficient and effective production in an organization.
The success of any organization primarily depends upon how good the management of the organization is Elaborate?
Effective management of any enterprise or activity requires efficient and effective use of all the available resources for the achievement of desired objectives. The resources used include men, machines, material and money. Out of these most important resource is men, which is in turn also affect in a big way how effectively other resources are used jointly. Thus the success of any establishment or enterprise depends heavily on management of its human resources. The human resources in turn form the organization structure of the enterprise. Therefore, management of the organization constitutes the means through which the human resources are put to work. As a result effective management of organization leads to effective utilization of human resources of the enterprise, which in turn plays a major role in success of the complete enterprise.
Why is management necessary?
Management is necessary to coordinate and organize resources to achieve specific goals. It helps to provide direction, make decisions, allocate resources, and solve problems within an organization. Effective management ensures that tasks are completed efficiently and helps to drive the success of the organization.
What is the difference between business management and finance management?
Financial management is the management of monetary resources in an organization. Business management is the management of all aspects of an organization, not only monetary resources but human resources, marketing etc.. as well.
Explain Operations research in production planning and inventory control?
Operations management is an area of business that is concerned with the production of good quality goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. It is the management of resources, the distribution of goods and services to customers.The task of production and operations management is to manage the efforts and activities of people, capital, and equipment resources in changing raw materials into finished goods and services.
What are the organizational resources?
Organizational resources are the assets, knowledge, people, and systems that an organization uses to achieve its goals. These resources can include financial resources, physical assets, human resources, technology, information, and organizational culture. Effective management of these resources is essential for an organization's success.
Which organization serves as FEMA's primary operations management center as well as the focal point for national resources coordinator?
b. National Response Coordination Center
Which organization serves as femas primary operations management center as well as focal point for national resources coordination?
National Response Coordination Center- NRCC
What is the specialized area of management that converts or transforms resources into goods and services?
Operations Management
Discuss the role of management in an organisation and access the relative importance of management as a resources in management?
The role of management in an organization is to help it to manage, organize and plan their organization
What is key departments?
Key departments refer to the essential divisions within an organization that play a critical role in its operations and overall success. Common key departments include finance, human resources, marketing, and operations, each responsible for specific functions that contribute to the organization's objectives. Their effective collaboration ensures streamlined processes, efficient resource management, and the achievement of strategic goals. The importance of these departments may vary based on the organization's size, industry, and mission.
