0
What else can I help you with?
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.
How do management bring together human physical and financial resources?
Management integrates human, physical, and financial resources by aligning organizational goals with strategic planning. They ensure that human resources are effectively trained and motivated to utilize physical assets optimally, while financial resources are allocated efficiently to support these initiatives. Through effective communication and collaboration, management fosters a cohesive environment where all resources work synergistically towards achieving common objectives. This holistic approach enhances productivity and drives organizational success.
What are the major contributing causes to the failure of uplift unionism?
Some major contributing causes to the failure of uplift unionism include lack of member participation and engagement, insufficient financial resources, and inadequate organizational infrastructure. Additionally, resistance from management or external forces can also hinder the success of uplift unionism efforts.
What are the 6Ms in Management?
The 6Ms in management refer to the key resources and factors that contribute to effective organizational operations. They are: Manpower (human resources), Materials (raw materials and supplies), Machines (equipment and technology), Methods (processes and procedures), Money (financial resources), and Markets (customer base and market conditions). These elements must be managed effectively to achieve organizational goals and optimize performance.
Four basic types of organizational resources?
Classifications of organizational resources are: human resources, financial resources, physical resources, and technological resources.
If a company hire an MBA then how can he can he help the company to make more money?
The skills acquired can help the company through better organization and management of all organizational resources to include, material, human, financial, and informational resources.
What the relationship between financial management and management?
Financial management and management are closely interconnected and interdependent within an organization. Financial management is a specialized function that focuses on the planning, organizing, controlling, and directing of financial resources to achieve the goals and objectives of an organization. On the other hand, management encompasses a broader set of activities that involve planning, organizing, coordinating, leading, and controlling resources (including financial resources) to achieve overall organizational objectives. Here are some key aspects of the relationship between financial management and management: Decision-Making: Financial management provides crucial financial information and analysis that supports managerial decision-making. It helps managers assess the financial implications of various options and make informed choices that align with the organization's goals and financial sustainability. Resource Allocation: Financial management plays a significant role in resource allocation within an organization. It involves determining how financial resources should be allocated across different departments, projects, or initiatives to optimize their utilization and achieve desired outcomes. This aligns with the broader management function of allocating resources effectively and efficiently. Performance Monitoring: Financial management provides tools and techniques to monitor and measure the financial performance of an organization. It involves analyzing financial statements, conducting financial ratio analysis, and preparing financial reports to assess the organization's financial health. This information aids management in evaluating the overall performance and making necessary adjustments to ensure financial stability and growth. Budgeting and Planning: Financial management involves the development and implementation of budgets, which are crucial management tools for planning, controlling, and monitoring organizational activities. Effective financial planning and budgeting help management set financial targets, allocate resources, and evaluate performance against established financial goals. Risk Management: Financial management plays a vital role in identifying, assessing, and managing financial risks within an organization. It involves evaluating potential risks related to investments, capital structure, liquidity, and financial markets. Management utilizes financial information to make risk-informed decisions and implement strategies to mitigate financial risks. Communication and Reporting: Financial management provides financial information to management, enabling effective communication and reporting. Financial reports, such as income statements, balance sheets, and cash flow statements, provide insights into the financial results and financial position of the organization. Management utilizes this information to communicate financial performance to stakeholders and make informed strategic decisions.
What are types of organizational assets in human resource management?
physical , financial , intangible , human
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.
How did the Chief Financial Officers Act of 1990 change federal financial management?
It created a new organizational structure for financial management, it encouraged the development of new and compatible accounting systems, and it required new forms of reporting.
Relationship management is a waste of financial resources Discuss?
Discuss the understanding by some authorities that relationship management is a waste of an organisation's resources.
What are human financial and physical resources?
Human financial resources refer to the money and investments individuals possess, while physical resources are tangible assets such as property, equipment, and materials. Both types of resources can be leveraged to achieve personal goals or organizational objectives.
