ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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concept of competing through technical resources in organisations
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economic value of employees’ knowledge, skills and capabilities
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policies and practices involved in managing managers of an organisation
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effective utilisation of an organisation’s people and their talent
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Detailed explanation-1: -Human resource management (HRM or HR) is the strategic and coherent approach to the effective and efficient management of people in a company or organization such that they help their business gain a competitive advantage. It is designed to maximize employee performance in service of an employer’s strategic objectives.
Detailed explanation-2: -Human resource management (HRM) is the practice of recruiting, hiring, deploying and managing an organization’s employees. HRM is often referred to simply as human resources (HR).
Detailed explanation-3: -“HRM is concerned with the most effective use of people to achieve organizational and individual goals. It is the way of managing people at work, so that they give their best to the organization.”
Detailed explanation-4: -Management: refers how to optimize and make best use of such limited or scarce resource so as to meet the organization goals and objectives. Therefore, human resource management is meant for proper utilisation of available skilled workforce and also to make efficient use of existing human resource in the organisation.
Detailed explanation-5: -Human resource management is the strategic approach to nurturing and supporting employees and ensuring a positive workplace environment. Its functions vary across different businesses and industries, but typically include recruitment, compensation and benefits, training and development, and employee relations.