Essey Essay Example | Topics and Well Written Essays - 4000 words

Essey - Essay Example Management is the dynamic, life-giving element in every business. Without it the resources of production remain resources and never become production." (Sharma, 2004 11) This definition emphasizes that the managers achieve organizational objectives getting things done through the employees. Human resource Management is very essential for successful running of an enterprise. It ensures proper use of physical and human resources by deriving the best results. It leads to efficient performance and higher productivity. Human Resource Management is very essential for every organization to make productive use of human physical and financial resources or the achievement of the organizational goals. It helps in determination of objectives. No organization can succeed in tits mission unless its objectives an identified and well denied. Management helps in achieving these objectives by the efficient use of resources. The entry of multinationals has also brought in fundamental changes in the work culture, work ethics and remunerating patterns in many countries, all of which have a clear bearing on the career growth path of individuals. Added to this are the rapid changes taking place on the technological front, flattening hierarchies and making people come together more than ever before. Amidst all this change, the high ethical standards of an individual, be it a workman on the shop floor or the Chief Executive Officer, matter more now than ever. The dual ethical standards often maintained by people front-often the exact opposite when it comes of the way they conduct business are counterproductive in the long run. The new authority is emerging and organizations are member led, officer driven, customer focused; a team environment where the whole is greater than the sum of its parts; a flat management structure where employees and managers are learning rather than blame; a clear since of direction and purpose. A firm commitment to delivering high quality public services through a combination of direct-provision and effective partnerships. 2. ROLE OF HUMAN RESOURCE MANAGEMENT Human Resource Management plays a very important role in managing the mode in business organizations, which are complex and complicated. The role of management is summarized below. 1. Role in success. Human Resource Management plays a very important role the success of an organization. It helps in achieving group goals. Human Resource Management assembles and organizes the available recourses for the accomplishment of the goals of enterprise. It adds effectiveness to the efforts of group persons organized to achieve the given objectives. 2. Role in efficiency. Human Resource Management utilizes the available physical and human resources productively. It eliminates all types of wastage and leads to efficiency in all business operations. Thus it results in effective running of business activities. To secure efficiency of operations, management is concerned with reducing the cost of production and increasing the output. Through better planning, organizing and control, and the use of various cost-reduction techniques, efficient management leads to reduced costs and increased output. (Sharma, 2004 13) 3. Role in soundness of organization. Human Resource Management lays down a pattern of authority- responsibility relationship. The structure so formed