Important Points for IC 90 - Human Resource Management (HRM) Exam
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Controlling is the process of ensuring that the activities are being carried out as planned and that the activities are leading to the expected objectives.
Co-ordination is the function that ensures that all activities are happening in proper sequence in time and in space.
Management is the process of using resources in order to produce goods and services.
All resources are valuable assets. They are not available in plenty in the environment. They are procured at a cost and for a purpose. If not property used, they go waste and the cost incurred becomes a waste.
Principles of management provide guidelines to minimise the costs of procurement and to maximise the benefits that they have the capacity to provide.
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