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What is the definition of organizational resources?

Answer

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.

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