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    The document discusses the importance of human resources, technology, and administration for businesses. For human resources, it notes that HR is important for business growth but can be overlooked in small businesses. It lists recruitment, benefits, training, and safety compliance as HR imperatives, and legal liabilities and unpredictability as disadvantages. For technology, it states that technology has transformed lives and businesses by increasing efficiency, innovation, and access to information, though it can also threaten privacy, health, and jobs. Finally, it outlines planning, organizing, managing resources, and controlling as administration imperatives, and loss of control but also potential for continued operations as advantages and disadvantages.

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    The document discusses the importance of human resources, technology, and administration for businesses. For human resources, it notes that HR is important for business growth but can be overlooked in small businesses. It lists recruitment, benefits, training, and safety compliance as HR imperatives, and legal liabilities and unpredictability as disadvantages. For technology, it states that technology has transformed lives and businesses by increasing efficiency, innovation, and access to information, though it can also threaten privacy, health, and jobs. Finally, it outlines planning, organizing, managing resources, and controlling as administration imperatives, and loss of control but also potential for continued operations as advantages and disadvantages.

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    11 views5 pages

    Isaac Bus 401

    Uploaded by

    oluwaniyiisaac12
    The document discusses the importance of human resources, technology, and administration for businesses. For human resources, it notes that HR is important for business growth but can be overlooked in small businesses. It lists recruitment, benefits, training, and safety compliance as HR imperatives, and legal liabilities and unpredictability as disadvantages. For technology, it states that technology has transformed lives and businesses by increasing efficiency, innovation, and access to information, though it can also threaten privacy, health, and jobs. Finally, it outlines planning, organizing, managing resources, and controlling as administration imperatives, and loss of control but also potential for continued operations as advantages and disadvantages.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 5

    HUMAN RESOURCE

    Why is human resource (HR) so important?


    It can be easy to overlook HR in an SME. Many entrepreneurs get their businesses off to a flying start,
    but grapple with people management as the business starts to flourish.
    Imperative
    1. Recruitment
    2. Employee benefits
    3. Holiday management
    4. Training and development
    5. Safety compliance
    Disadvantage
    1. Legal Liabilities.
    2. Maintaining a Safe Distance.
    3. Insufficient Information.
    4. Lack of Adaptability.
    5. Unpredictability.
    Advantages
    1. Ensure Better Growth.
    2. Enhance Employee Relationship.
    3. Improves Human Resource Planning.
    4. Increases Organizational Effectiveness.
    5. Provides Better Managerial Experience.
    TECHNOLOGY
    Technology has witnessed impressive evolution in the past few decades, which has in turn transformed
    our lives and helped us evolve with it.
    Imperative of Technology
    1. Added Efficiency
    2. Faster Decision Making
    3. Cost and Time-Saving
    4. Competitive Edge
    5. Increased Innovation
    Disadvantage
    1. Privacy concerns
    2. Health Implications
    3. Social Disconnect
    4. Addiction
    5. Job displacement
    Advantages
    1. Increased efficiency and productivity.
    2. Improved communication and collaboration.
    3. Greater access to information and resources.
    4. Increased convenience and flexibility.
    5. Improved remote work and telecommuting capabilities.
    ADMINISTRATION
    Administration means running day-to-day operations.
    Imperatives
    1. Planning. Before starting a project, you must make a plan.
    2. Organizing.
    3. Managing resources.
    4. Directing.
    5. Controlling.
    6. Budgeting.
    Advantages
    1. Protection from Creditors
    2. Opportunity for Restructuring
    3. Potential for Business Continuation
    4. Maximized Returns.
    5. Retained Brand Value
    Disadvantages
    1. Loss of Control
    2. Public Knowledge
    3. Cost
    4. Uncertain Outcomes
    5. Potential for Job Losses.
    CRAWFORD UNIVERSITY, FAITH CITY, LUSADA,
    IGBESA, OGUN STATE.

    NAME: Isaac Adedolapo Oluwaniyi

    DEPARTMENT: IRPM

    MATRIC NO: 200201041

    COURSE: BUS 401

    LECTURER: MR. ONOCHIE


    CRAWFORD UNIVERSITY, FAITH CITY, LUSADA,
    IGBESA, OGUN STATE.

    NAME: RASAQ-LAWAL ADEFOLAHAN DANIEL

    MATRIC NO: 200201015

    DEPARTMENT: BUSINESS ADMINISTRATION

    COURSE: BUS 401

    LECTURER: MR. ONOCHIE


    CRAWFORD UNIVERSITY, FAITH CITY, LUSADA,
    IGBESA, OGUN STATE.

    NAME: AJAGBE PROSPER TOLUWANI

    DEPARTMENT: IRPM

    MATRIC NO: 200201031

    COURSE: BUS 401

    LECTURER: MR. ONOCHIE

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