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People: The Key Asset of Organizations

The document discusses why people are the most valuable asset of an organization. It argues that people are responsible for running and managing all essential functions of an organization. People determine the direction of an organization and their motivation and attitude lead to success. While capital and buildings are important, it takes skilled people to build and operate an organization effectively. An organization's ability to manage its human capital, including employees' knowledge, skills, and capabilities, is key to achieving success. Ultimately, people bring energy, attitude, and motivation to an organization and are needed to utilize all other resources and ensure the organization can operate.

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surya prakash bhandari
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© © All Rights Reserved
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Download as DOCX, PDF, TXT or read online on Scribd

Topics covered

  • skills development,
  • business strategy,
  • organizational learning,
  • job assignment,
  • capital investment,
  • organizational behavior,
  • employee satisfaction,
  • workplace environment,
  • managerial responsibility,
  • organizational culture
197 views4 pages

People: The Key Asset of Organizations

The document discusses why people are the most valuable asset of an organization. It argues that people are responsible for running and managing all essential functions of an organization. People determine the direction of an organization and their motivation and attitude lead to success. While capital and buildings are important, it takes skilled people to build and operate an organization effectively. An organization's ability to manage its human capital, including employees' knowledge, skills, and capabilities, is key to achieving success. Ultimately, people bring energy, attitude, and motivation to an organization and are needed to utilize all other resources and ensure the organization can operate.

Uploaded by

surya prakash bhandari
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Topics covered

  • skills development,
  • business strategy,
  • organizational learning,
  • job assignment,
  • capital investment,
  • organizational behavior,
  • employee satisfaction,
  • workplace environment,
  • managerial responsibility,
  • organizational culture

PEOPLE AS MOST VALUABLE ASSET OF AN ORGANIZATION 1

PEOPLE AS MOST VALUABLE ASSET OF AN ORGANIZATION 2

I firmly agree with the notion that people are the most valuable asset of an

organization because they are the one who run, work and manage all the basic and essential

things of an organization. People are the one who decide which direction an organization will

go. People motivation and right attitude leads to the success of an organization. Once founder

of IBM Thomas J Watson said” you can capital and erect building, but it takes people to build

an organization”[CITATION Mon19 \p 2 \l 1033 ].

An organization consists of various things but only people are the one who know

what is the expectation of an organization and what is their role to achieve the goal of an

organization. Achieving success increasingly depends on an organization ability to manage

talent or human capital [CITATION Mon19 \p 3 \l 1033 ].The term human capital describes the

economic value of employees, knowledge ,skills and capabilities[CITATION Mon19 \p 3 \l

1033 ].Due to globalization the mode of business and working pattern of an organization has

changed ,many new machine and technology has been adopted but employee still remains the

top asset. As they are one who operate these things. It is rightly said that people are the fuel

of an organization to run. People are the only one in an organization who have talent and

skills. While working for an organization they further develop skill and experience and pass

that to the other employees and freshers. They are also the one who can react to a sudden

emergency situation and amend the instruction if needed.

Moreover, it is a responsibility of an organization or managers to assign the right

job or task to right people by recognizing their talent and skills. As there is famous quote

“compete through people”. Managers have to properly manage talent or human capital.

Perfect and skillful employees should be given top posts so that they can contribute

maximum for an organization. If this is not done many times peoples talent goes unused .As

Dave Ulrich ,a professor of business at University of Michigan notes: ”Learning capabilities

is g times where g is a business ability to generate new ideas multiplied by its adeptness at
PEOPLE AS MOST VALUABLE ASSET OF AN ORGANIZATION 3

generalizing them throughout the company [CITATION Mon19 \p 3 \l 1033 ] .Furthermore the

most important thing that people bring to an organization is energy ,right attitude and

motivation .Motivation in employees is very essential if an organization have to succeed .

Motivated person can do any work fast and effectively. So, organization should always find a

way to motivate their employees. This can be done either by increasing salary or giving

promotions. Proceeding ahead, other things in an organization doesn’t matter because without

human interference there is no value of that thing, as a bare land cannot produce anything so

does capital cannot multiply and increase on its own. So, people are needed in an

organization to use the available resources.

In conclusion, people are the one who do all types of work in an organization

be it be recruiting new staffs, giving trainings, doing all type of paperwork, all the legal

compliance, monitoring employees, public relation and many more. Actually, employees are

the drivers of an organization without which an organization cannot run.


PEOPLE AS MOST VALUABLE ASSET OF AN ORGANIZATION 4

References
Monica Belcourt et al., P. S. (2020). Managing Human Resources. Alexis Hood. Retrieved from
https://reader.texidium.com/dist/#/book/14115

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