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.

Human Resource Management (HRM)