Important Points for IC 90 - Human Resource Management (HRM) Exam
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IC-90 Human Resource Management (HRM) Exam Study Material
Management is the science that deals with the use of resources in an organisation in order to achieve the purposes of the organisation.
Whatever be the objective of an organisation, it needs resources to achieve the chosen objectives. The resources are usually: Men, Materials, Machines, Money and Minutes.
The expression Human Resource refers to People. It is the most critical resource in an organisation. The utilisation of all other resources depends on this resource.
The main schools of thought in the evolution of management science are the following: Max Webers Ideal Bureaucracy Theory, Taylors Scientific Management Movement, Administration Theory, Human Relations Approach, Systems Approach and Contingency Approach.
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