Human and Finance Resources Mobilisation

Human and Finance Resources Mobilisation

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Assets are required for each kind of Economy, whether it is a police state or a popularity based government assistance state. They are required by every business model, and the only way businesses generate Value Propositions and Revenues is through them. The physical, financial, intellectual, or human are examples of key resources.

Resources Management Steps

• Identify

• Engage

• Negotiate

• Manage and Report

• Communicate Result

Need for Mobilization of Natural Resources - India, despite having sufficient reserves, imports coal and iron due to policy bottlenecks. Our current account deficit is getting worse as a result. India is also having trouble exploiting some of its natural resources due to technological limitations. Domestic factors include political factors, tribal opposition to resource exploitation and development, conflicts between states, disputes with neighboring nations, and others.

Need for Human Resources Mobilization - Organizing human potential for ready use is essential for India's growth. In point of fact, India, a nation of 140 million people, is now focusing more on its human resource potential. Additionally, India benefits from the demographic dividend. The need to empower human resources is made clear by the mobilization of human resources. More vulnerable segments like ladies, youngsters, SC, ST, OBC and so on. ought to become commonplace. Human resources professionals ought to have access to suitable employment opportunities, and skill development programs ought to be provided if they lack the necessary skills for the position.

Need for Financial Resources Mobilization - Financial resources must be mobilized if a nation is to grow. More goods and services must be produced. The creation should be possible by government and the private sector or within the PPP mode. However, a nation's economic resources must be utilized for this. In India, notwithstanding having great reserve funds rate, homegrown speculation is less. Gold and consumer durables are among the less productive investments made by Indians. More money should be put into agriculture, manufacturing, or services if India wants to grow. In India, very little tax is collected. Expanding the tax base is necessary. Rather than "spontaneously emerge," organizations necessitate the collection of resources. These resources are more "free flowing" and easier to mobilize in modern capitalistic societies than in more traditional ones. Many elements influence the improvement of the association.

Mix of Resources - A starting organization needs a variety of resources, including technology, labor, capital, organizational structure, societal support, legitimacy, and so on. However, not every resource combination is optimal.