Professional Documents
Culture Documents
Physical resources are the tangible resources used in a certain projects and
operations of businesses. Physical resources are resources and items such as
land, manufacturing equipment , office equipment, machinery , vehicles, IT
equipment, owned and used by businesses. The management of Physical
resources involves maintaining and managing the use of development of
resources by tracking its cash value. It involves the method and process
involves:
- ordering
- storing
- distributing suppliers to the users and consumers.
Human resources are used to identify and describe the employees employed
in a company or organization and the department in which certain staff are
supposed to and are responsible for managing all employee-related matters and
problems which together constitute one of the most important assets in a
business or organization. The HR department is also responsible for the
recruitment and selection of staff. The recruitment stages involve:
- Recruitment Planning
- Strategy Development
- Searching
- Screening
- Evaluation
- Introduction -> when the product is released and introduced in the market.
- Maturity -> when the sales starts slowing down. The product has a stable
market share at this point.
- Decline -> this is when the product has been removed from the market. This
happens when the consumer tastes change, the product loses its appeal to the
consumers.