Tuesday 17 April 2012

Introduction

Basic Concept of management states that manager works in organization. Organisation has three basic components, people, purpose, and structure. HRM is the study of activates regarding people working in an organization. It is a managerial unction that tries to match an organizations needs to the skills and abilities of its employees. Lets see what is meant by the three key terms...human, resource, and the management.

Human  .......Homo-sapiens-Social animal

Resources..... Human, physical, Financial, Technical, Informational

Management.... Function of planning, organizing, leading and controlling of organizational resources to accomplish goals efficiently and effectively. 

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