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Differences between Personnel Management and Human Resource Management

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Question : Define the terms Personnel Management and Human Resource Management. How Personnel Management is different from Human Resource Management? Answer Introduction The success of an organization depends not only on the effectiveness of utilizing financial and physical resources but also on human resources. The effectiveness of developing human resource is among the most vital issues in an organization. In any organization management of employees is a principal. In an organization, a group of people work together with a common motive i.e. to achieve their organizational goal, which is only possible when efforts of all the people in the organization are efficiently managed. There are two basic approaches that employers adopt to manage people or employee in their organization. They are - Personnel Management and Human Resource Management. The objective of this post is to make you understand the terms - Personnel Management and Human Resource Management. Also,

Product Mix

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Question - What is Product Mix? Explain product mix decisions.