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HR & your balance sheet

Improve Your Profit / Revenue & Lower Your cost through our BRI Model/Solution.

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ARE YOU PLAIN OR ATTRACTIVE?

How do other people see you? Do they notice you or just ignore?

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WHAT'S THE SECRET OF YOUR SUCCESS?

What kind of a person are you? How do you relate to the world?

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LIFE'S VICTORS

George Mallory

"Teacher & Mountaineer"

 



HR Basics


 

Effective business operations lead to business successes. That is common sense. But, business operations cannot become effective in a vacuum. Various direct and indirect processes contribute to business functions. The following components act as critical props for business operations:

a) Entrepreneurship: Vision, risk-taking, initial sacrifices and hard work on the part of the promoters play a fundamental role in the success of business operations. Lack of conviction, faulty values and operating principles or lack of proper application on the promoter's part can seriously handicap operations. 

 


 

b) Business Acquisition: People usually talk of customers choosing vendors. However, on the vendor's part it is important to choose and pursue the right kind of business opportunities. Acquiring business of a type which cannot be successfully handled by a firm can be counter productive. So a steady flow of the right kind of business at right terms are essential for making operations successful. 


 

c) R&D/Innovation: Continuous improvement in products and processes are essential to stay ahead of competition and cause customer delight. Diversification and re-engineering are included in this process.  

 



d) Business Support Services:
A whole lot of back-end processes are required to conduct successful operations. These are elucidated below.

 

 

 

 

 

 

 

 

 Business support services which contribute to successful operations can be categorized as under:

 

 

 

 

The actual role which HR management plays in business is often misunderstood. Many people even in the corporate sector see HR in terms of certain components like recruitment, training, appraisals, increment, personnel administration, etc. In the process, the larger picture is lost. So, very few firms actually are able to use HR in its entirety. We are giving below an overview of the role HR can play in making your business successful. 

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