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"Financial Resources may be the lifeblood of a Company,
but Human Resources are the brains." By Rob Silzer. This blog author view is as follows:- Yes, the author of
this quote is comparing the Financial Resources and Human Resources. Only
with finance, cash we can't run the business profitably. For survival of any
business organization, human has to efficiently, effectively involve, service
the day to day operation and management of all the business activities. If
the capital (Finance) is not competently invested on resources required for
that particular business, that company cannot survive for a long time. For
example, if the product is sold and cash is not collected for that executed sale,
it's a loss for the business. It's the bad debts. Accumulation of bad debts
will result in closure of that company. Capital invested must be converted to
profit. If the product is being sold and services are done on credit basis.
For example, let's say for two months. After two months of that credit
period, that amount must be collected from that debtors, otherwise, it's the
loss, bad debts for that Company. Doubtful debts must be decreased.
Otherwise, all this bad and doubtful debts will eat the profit. Co-ordination
and teamwork among different departments in our Business organization will
play a pivot role in earning profit in business operations. All the steps
must be taken to collect the due amount belongs to the company at the right
time. So, the author of
this quote has correctly comparing the financial resources and human
resources. In this
another important thing is, our organization also must be honest in honoring
our creditors at a right time. I mean all the due bill amount must be paid,
after an agreed period of time. Similarly, when there is a lump sum on our
Company current account, some portion of that amount can be invested in a
short term investment schemes, for example, fixed deposit or some term
deposit in that Bank itself, so that it will fetch some interest amount.
Every penny will add to the business profit and contribute for continuous
success of that organization. Short term or long term investment, before
investing we need to ensure security of that investment scheme. I mean,
invested amount must safely return back, credited back. Aspect of liquidity
of invested amount must be considered, taken care before making the
investment. In case of emergency of fund, that investment must be cancelled,
I mean premature facility. Special attention must be provided to Assets
belonging to the business. Honesty must prevail among the humans. Honesty
must continue in paying all the taxes to our country government also. Evading
of taxes will result in Economic under growth. Mostly, any country income
will depend on their citizens and companies. I mean, it's the tax revenue
paid by business organizations. Each and every business organization, must
respect, recognize the social responsibility. Wherever, whenever needed,
businesses must be given a helping hand. Business ethics will add to economic
empowerment. Thanks
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Everything happens between humans. Without human there will be nothing in this world of wonders. Awesome activities made possible because of human. #humanity #human #humancapital "Management is efficiency in climbing the ladder of success: leadership determines whether the ladder is leaning against the right wall." - Stephen Covey I like that Management and leadership thought. Ladder is the link between the Management and leadership. I can say wonderful thought. When the leader is a like a ladder, then only that leader is useful for your company. He or she must be able to guide the subordinates well in that field. For example, Marketing Manager must be possessing expert knowledge about the product and services of the company that he is dealing, customers, geographical area, dealers, wholesalers, online portals etc., Must be acquainted with technical, technology knowledge about that product. Subordinate doubts must be cleared as and when arised. Leader must manage the meetings well and willing to mitigate the problematic issues discussed in the meeting and must provide the solution. Leader must be able take care personal well being of subordinates. LEADER CAN DO HIS JOB WELL ONLY WITH LONG PERIOD OF WORKING, TRAININGS, EDUCATION ETC., EXPERIENCE WILL BRING EXPERTISE AND EXCELLENCY. EXPERTISE WILL CONTRIBUTE TO ECONOMIC GROWTH OF COMPANY AND AS WELL AS THE COUNTRY. Thanks for feeding food for my mind. "If someone offers you an amazing opportunity and you're not sure you can do it, say yes - then learn how to do it later." - Richard Branson "Opportunities don't often come along. So, when they do, you have to grab them." - Audrey Hepburn.
Every living thing in this world including the humans needs to be taken care of basic necessities to lead the normal life. |
