Strategic Human Resource Management (SHRM) is an approach to managing human resources that aligns HR practices and policies with the strategic objectives of an organization. In other words, it is the process of linking the HR function with the strategic goals and objectives of the organization.
Read More
Human resource accounting is a type of accounting that focuses on measuring the value of a company’s human resources, such as its employees, in financial terms. The basic idea behind human resource accounting is that a company’s workforce is a valuable asset, just like its physical assets, and should be accounted for in a similar manner.
Read More
Human resource management is the organizational function that manages all the issues related to the people in an organization. That includes but is not limited to compensation, recruitment, and hiring, operation management, organization development, security, wellness, benefits, employee encouragement, communication, policy administration, and training.
Read More
Enterprise Resource Planning (ERP) is a software-based process used by companies to manage and integrate core operations like finance, HR, supply chain, procurement, supply chain, services, manufacturing, etc.
Read More
Manufacturing Resource Planning (MRP II) is a technique for the effective planning of all manufacturing resources of a company. It enables manufacturers to develop a precise production schedule for the future that minimizes expenses and maximizes the utilization of available resources.
Read More
In the last few decades, resource management has become a very crucial part of modern business structure. This area is quite a bit mature. An array of novel ideas has been introduced ever since it started growing. Resource management has appeared as an independent discipline after organizations became complex with matrix structure and extended in multiple geographies.
Read More
The concept of an organization refers to a structured and coordinated group of individuals or entities working together to achieve common goals or objectives. It involves the division of labour, delegation of responsibilities, and establishment of hierarchies to ensure effective functioning and efficient use of resources.
Read More
A Management Information System (MIS) refers to a computer-based system that collects, processes, stores, and distribute information to support decision-making, coordination, control, analysis, and visualization within an organization. It is a crucial component of modern businesses and is designed to provide managers and other stakeholders with timely and relevant information for effective planning and decision-making.
Read More
The business environment refers to the external and internal factors that affect a business’s operations, decision-making processes, and overall success. It includes all the conditions, events, and factors that can impact a business, such as economic, social, political, legal, technological, and environmental factors.
Read More
In this digital era, we all are somehow accustomed to the word “Information System” although not well-versed with the concept or definition. If asked what is “Information System” one will definitely say the words like computer or network or database. But an information system is much more than just a computer or network. It surrounds us almost every time and is changing every day. Nowadays, life seems impossible without it. From the smartphones in our hands, the Wi-Fi networks on our college campus–to the traffic lights, sales management, and billing systems in the shopping malls, etc.–Information System is virtually in every walk of our life.
Read More