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Mesfin Hailu
Jan 5

What resources does organization need to achieve what it plan ?

What resources does organization need to achieve what it plan?
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Jan 5
An organization needs various resources to achieve its plans. These resources can be broadly categorized into four main types:

1. Human Resources: This includes the people working for the organization, such as employees, managers, and leaders. Human resources are crucial for executing plans and achieving organizational goals. The organization needs individuals with the right skills, knowledge, and experience to carry out tasks effectively.

2. Financial Resources: Money is essential for any organization to implement its plans. Financial resources include capital, funds, and budgets required for various activities such as research and development, marketing, production, and expansion. Adequate financial resources ensure that the organization can invest in necessary infrastructure, technology, and talent.

3. Physical Resources: These are tangible assets that an organization needs to operate and achieve its plans. Physical resources include land, buildings, machinery, equipment, vehicles, and other physical infrastructure. These resources are essential for production, distribution, and delivery of goods or services.

4. Information Resources: In today's digital age, information is a valuable resource for organizations. It includes data, knowledge, and information systems that support decision-making, planning, and execution of strategies. Information resources help organizations stay competitive, adapt to changing market conditions, and make informed decisions.

Apart from these four main types, organizations may also require other resources depending on their specific industry or nature of operations. These additional resources can include technology, intellectual property, partnerships, networks, and relationships with stakeholders.

Overall, the availability and effective utilization of these resources are crucial for an organization to successfully achieve its plans and objectives.

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