Q:

What is the definition of organizational resources?

A:

Organizational resources are all assets that a corporation has available to use in the production process. There are four basic types of organizational resources: human resources, capital resources, monetary resources and raw materials.

Organizational resources are combined and used to create finished products. Human resources are the employees who work for the company. Monetary resources refers the money that upper management uses to buy goods and services for the corporation. Raw materials are the materials used to create products; for example, the flour, butter, sugar and eggs are the raw materials used to make baked goods. Capital resources refers to the machinery used in the process of manufacturing.

Sources:

  1. subjectmoney.com

Is this answer helpful?

Similar Questions

  • Q:

    What are the advantages and disadvantages of the division of labor?

    A:

    Some advantages of the division of labor include increased worker efficiency and lower production costs, while some disadvantages include decreases in employee motivation and individual workers slowing the production process. The concept of the division of labor was first put forward by Adam Smith as a means to increase economic growth. He reasoned that employees could work faster if job tasks were broken down and assigned to specific workers.

    Full Answer >
    Filed Under:
  • Q:

    How do you make an organizational chart?

    A:

    An organization chart is a diagram that shows the structure of an organization. It includes the relationships and the relative roles of the company's departments and employees. Organization charts are used as communications tools that demonstrate reporting and management relationships. Great organizational charts can be created relatively quickly using software programs.

    Full Answer >
    Filed Under:
  • Q:

    What are examples of physical resources?

    A:

    Physical resources are the material assets that a business owns, including buildings, materials, manufacturing equipment and office furniture. Physical resources can be sold if a business is facing a cash flow issue.

    Full Answer >
    Filed Under:
  • Q:

    What is the organizational structure of Microsoft Corporation?

    A:

    Microsoft Corporation features a divisional organizational style that allows each of its business sectors to operate independently of one another while still reporting to a central command. Various portions of infrastructure like retail, development and support are all part of the enterprise landscape. Microsoft uses a horizontal management landscape to minimize communication interference.

    Full Answer >
    Filed Under:

Explore