This document discusses the importance of human resources, technology, and administration for businesses. For human resources, it notes that HR is important for recruitment, benefits, training, and compliance but can present legal and information liabilities for small businesses. Technology increases efficiency, productivity, and access to information but also raises privacy, health, and social concerns. Administration involves planning, organization, resource management, and controlling to direct day-to-day operations and provides benefits like protection, restructuring opportunities, and brand retention but also costs, uncertainty, and potential job losses.
This document discusses the importance of human resources, technology, and administration for businesses. For human resources, it notes that HR is important for recruitment, benefits, training, and compliance but can present legal and information liabilities for small businesses. Technology increases efficiency, productivity, and access to information but also raises privacy, health, and social concerns. Administration involves planning, organization, resource management, and controlling to direct day-to-day operations and provides benefits like protection, restructuring opportunities, and brand retention but also costs, uncertainty, and potential job losses.
This document discusses the importance of human resources, technology, and administration for businesses. For human resources, it notes that HR is important for recruitment, benefits, training, and compliance but can present legal and information liabilities for small businesses. Technology increases efficiency, productivity, and access to information but also raises privacy, health, and social concerns. Administration involves planning, organization, resource management, and controlling to direct day-to-day operations and provides benefits like protection, restructuring opportunities, and brand retention but also costs, uncertainty, and potential job losses.
This document discusses the importance of human resources, technology, and administration for businesses. For human resources, it notes that HR is important for recruitment, benefits, training, and compliance but can present legal and information liabilities for small businesses. Technology increases efficiency, productivity, and access to information but also raises privacy, health, and social concerns. Administration involves planning, organization, resource management, and controlling to direct day-to-day operations and provides benefits like protection, restructuring opportunities, and brand retention but also costs, uncertainty, and potential job losses.
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: BANKOLE WISDOM OLUWAFEMI
DEPARTMENT: BUSINESS ADMINISTRATION
MATRIC NO: 200201006
COURSE: BUS 401
LECTURER: MR. ONOCHIE
CRAWFORD UNIVERSITY, FAITH CITY, LUSADA, IGBESA, OGUN STATE.
NAME: Isaac Adedolapo Oluwaniyi
MATRIC NO: 200201041
DEPARTMENT: IRPM
COURSE: BUS 401
LECTURER: MR. ONOCHIE
CRAWFORD UNIVERSITY, FAITH CITY, LUSADA, IGBESA, OGUN STATE.