4 Ms of management to steer the business of any organization are: Money, Materials, Machines and Men (includes Women). Even to manage first three (Money, Materials & Machines), human resources (Men) are needed. It is strange that this simple concept is not understood/ appreciated by the owners of some businesses.
If 'Men' constitute a vital resource, you can't manage a business profitably without making this resource effective. And to make them effective, there is a definite need for a Human Resource department in each organization. In small set ups, HR & Admin can be combined into one department.
The discussion initiated by Mr. M K Verma deserves attention, but unless these views expressed by experts can reach the owners, the status quo may continue by default. The need, therefore, may be to discuss how to drive this awareness..
If 'Men' constitute a vital resource, you can't manage a business profitably without making this resource effective. And to make them effective, there is a definite need for a Human Resource department in each organization. In small set ups, HR & Admin can be combined into one department.
The discussion initiated by Mr. M K Verma deserves attention, but unless these views expressed by experts can reach the owners, the status quo may continue by default. The need, therefore, may be to discuss how to drive this awareness..