MIS Assignment 7

Reflection:

"Human beings are the most important, potent and critical, resource of any organization, and yet the least understood and the worst managed of its resources"

Human beings are the most important, potent and critical, resource of any organization because human beings constitute an organization’s most important and vital factor in its success or failure. Through and by men, the money, machines, materials, methods and markets are acquired and utilized. The accomplishment of the goals of an organization depends upon the availability and utilization of all these ingredients the interaction of which are people-caused. The acquisition, utilization, and development of financial, material, technological, and market resources which may be exhaustible are dependent on human resources. An organization may start with zero funding, but with creative, resourceful, hardworking and honest people, it becomes financially viable. On the other hand, a plethora of financial and material resources in an organization may go down the drain if handled by an incompetent and dishonest staff.

Yet the least understood and the worst managed of its resources
Unlike material and financial assets, human beings, by their nature , are highly dynamic and elusive, defying foolproof quantitative analysis and predictability. The challenge of management is not so much in its money, machines, methods, markets but in its people. They are least understood because every man or each one us has its own mind, style and uniqueness, complex in any ways. Also the personal goals of an individual are not realized, because there is and incongruence between individual goals and the organization’s goal and this is likely result in conflict.

Human resources are the worst managed because some companies look at people as an expense items and as factors of production. Hence, relatively fewer funds are provided for activities like screening, selection, training and education. The budget is nil for human resources planning, counseling and research. The management would rather put its money in production, marketing or finance where the returns are visible and countable. This is because their work orientation’s priorities are on organization and management welfare which is mainly for profit.

“Companies are truly unusual in their ability to achieve extraordinary results through ordinary people.”