Key organizational resources include human resources, financial capital, physical assets, and intellectual property. Human resources encompass the skills and expertise of employees, while financial capital refers to the funds available for investment and operations. Physical assets include equipment, facilities, and technology, and intellectual property consists of patents, trademarks, and proprietary knowledge that provide a competitive advantage. Together, these resources enable organizations to operate effectively and achieve their strategic objectives.
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.
explain how a firm's human resources influence its performance
fulfillment of organizational goals and objectives
STAFFS
Organizational dimensions refer to the various aspects that define and influence an organization's structure, culture, and functioning. Key dimensions include size, structure, culture, technology, and environment. Each dimension impacts decision-making, communication, and overall effectiveness, shaping how the organization operates and adapts to changes. Understanding these dimensions helps in managing and aligning resources towards achieving organizational goals.
Organizational resources are the company assets that the company use for their operations. Organizational resources of an organization are, human resource, finance, capital etc.
Organizational resources include equipment, people and money. All of these resources are assets to the company and help make it better.
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.
STAFFS
Classifications of organizational resources are: human resources, financial resources, physical resources, and technological resources.
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.
People Money material technology Equipment Time IT Infrastructure Information (what is going on) Knowledge (how things are done)
1. The customer 2. Organizational culture 3. Human resources 4. Products/deliverables 5. Delivery systems 6. Service
Committees
To serve as a record of expenditure of organizational resources.
1. The customer 2. Organizational culture 3. Human resources 4. Products/deliverables 5. Delivery systems 6. Service
explain how a firm's human resources influence its performance