Introduction Human resource is the most important asset of an organization. It refers to an employee/worker particular skills and knowledge to contribute to the organization. The success or failure would depend on the caliber of the people working in the organization. In most industry‚ manpower is needed to operate all area of business units in an organization. Regardless of the operative‚ administrative or management level‚ they are the ones who are ensuring the daily operations run smoothly and
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Understanding Organizations and the Role of Human Resources Activity 2 Organization Strategy and Human Resources An organizational strategy is the creation‚ implementation and evaluation of decisions within an organization that enables it to achieve its long term objectives. Key strategic considerations of organisation strategy include: 1) What re-configurations‚ reach extensions and strategic relationships will be necessary to deliver the intended strategy. 2) What new skills and capabilities
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Human Resource is the Most Important Asset of an Organization I agree with the statement that “Human Resource is the most important asset of an organization.” Human resource is “the set of individuals who make up the workforce of an organization‚ business sector or an economy.” (“Human resource definition”). Human resource is the least mobile of the four factors of production‚ which are resources required for generation of goods and services. The other factors of production are natural resources
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“Human Resource” is the most important asset of an organization. Human resources are the set of individuals who makes up the workforce of an organization‚ business sector or an economy. This resource resides in the skill‚ knowledge and motivation of people and under the right condition it improves in age and experience which no other resources can do. It is therefore considered the most productive resources that can create the longest advantages for an organization. For an organization
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Chapter 1 of Electronic Commerce 2008 introduces a number of distinctions between different types of organizations and activities related to the virtual economy—e-commerce versus e-business‚ for example. How and where are these distinctions useful? The chapter also describes a number of forces driving e-commerce. How do these different forces relate to each other? According to Prenhall.com E-commerce can be defined as the process of buying‚ selling‚ or exchanging products‚ services‚ or
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Case Studies – Types of Business Organization (Ownership) Case 2: Joseph LeBlanc‚ a student looking for summer employment‚ opened a bait shop in a small shed on a local fishing dock. For this case‚ I think the type of business here is Sole Proprietorship. Joseph LeBlanc a student looking for a summer employment and decides to open his own bait shop is a very big responsibility. If his business is Sole Proprietorship‚ it will benefit him in a lot of ways. He will be the boss of himself‚ which makes
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This essay will provide a definition to Human Resource (HR) and determine whether HR is the most important asset in the organization. The first part of the essay will discuss the importance of human resource and how is it is essential to the success of any organization. The second part will identify the impacts on the performance of an organisation. Human Resource (HR) and Human Resource Management (HRM) Oswin (2011) states that human resource is a term used to describe the individuals who
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Human Resource Is The Most Important Asset of An Organization Assets‚ defined as a ‘valuable thing’ by Oxford Dictionaries‚ are key success determinants of any organization. The perception of value in an organization‚ brand or product‚ merits customer adoption while supplementing organizational goals that could‚ in the long term‚ determine financial sustainability and success of a company. The idea that human resources‚ employees across all levels of an organization‚ as the most important asset
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HA255 Human Resource for Healthcare Organizations Unit 7 Assignment Kaplan University By Cherie Nelson Competencies within the human resource of the healthcare field are referenced as a set of observable strategies that include performances such as individual skills‚ knowledge‚ behaviors and attitudes of a team and an organizational that are connected through high performance‚ and provide the organization with a competitive advantage. Individual skills of capability of the staff can
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Nowadays many organizations like to emphasize on gaining a competitive advantage in the market. The advance equipments‚ new technology‚ good marketing strategic‚ excellent customer services and many other elements can be the factors to build up for the advantages. However‚ human resource is still the most important element to determining the success or failure of an organization. Without their support‚ the organization daily business function will not be done well and ready. Human resource is always
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