Human Resource Management: Models, Laws, and Practices

Human Resource Management (HRM)

Definition: HRM is a strategic and coherent approach to managing an organization’s most valued assets: its people. It focuses on individuals who, collectively, contribute to achieving organizational objectives. HRM involves the effective use of human resources through the management of people-related activities. It is a central and strategic organizational activity of increasing complexity and importance.

HR System

An HR System Comprises:

  • HR Philosophies: Overarching
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Understanding Operations Management: Principles and Practices

Operations Management: An Introduction

What is Operations Management?

Operations Management (OM) involves designing, operating, and controlling a productive system that transforms inputs (physical resources and human talent) into outputs (goods and services). It’s a core area of any organization, focused on developing and managing value-adding processes using various tools, techniques, and methods.

Key concerns include quality, cost, service, and speed. Examples of companies that rely heavily on operations

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Mastering Invoice and Payment Letters: Examples

Invoice Letters: Issuing an Invoice

Dear Mr./Ms./Mrs.,

Re: Invoice Corresponding to…

Re: Acknowledgement of Receipt of Invoice Ref. X

We would like to acknowledge receipt of your invoice, Ref. X, dated the 12th. Hereby, we are sorry to inform you that it would not be possible… We would like to thank you for giving us the chance to sell you our products. The account number has been forgotten. To our company, a promissory note (IOU) is acceptable. Besides, furthermore, moreover, therefore, we bring

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