Organizing Human and Monetary Resources Case Study by jeffscustompapers

Organizing Human and Monetary Resources
An examination of the importance of organizing human and financial resources in the management of an organization, through a specific analysis of the United States Air Force.
# 102336 | 835 words | 1 source | APA | 2005 | US
Published on Mar 23, 2008 in Business (Management)


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Description:

This paper takes a look at organizing as one of the key components in the effective management of an organization. It points out that, following the planning process, organizing involves the gathering of many resources, all in the attempt to achieve a company's goals. The paper stresses that without this critical step, the strategic goals set by upper management would be little more than pipe dreams or lofty ideas. Numerous resources must be gathered to achieve these goals, often including money, people, knowledge, and physical and technological assets. The paper focuses on two such resources, monetary and human, as they relate to the United States Air Force. The paper concludes that these two resources are the most important assets a company can possess, and work in conjunction with one another to achieve the goals set forth by upper management.

From the Paper:

"Human resources are among the most vital of an organization or project. Financial resources provide the framework and means with which to achieve goals, but human resources actually work toward and accomplish the goals. People, and their skills, are usually the most valuable asset an organization possesses. Employees are ultimately responsible for the success or failure of a company, project, or goal. Properly trained and creative employees can succeed where money alone will fail. Many operations in the United States Air Force require large amounts of manpower, and makes the function of human resource organization all the more important. With the growing complexity of tasks due to technological advances, the right set of people and skills must be chosen in order to achieve a goal efficiently and effectively. The military as a whole has evolved into a highly-specialized labor pool in which individuals will often focus on a single aspect of a project (Bateman & Snell, 2004, p. 245); lending a tremendous amount of expertise in the area for which they are chosen. However, with continuing budget constraints modern times have displayed a need for all members to become much more general in nature; though specialization will continue to exist. Specialties are merged at every opportunity in order to cut down on the size of the forces and the overall costs of maintaining such a force. This has created the need for military members to become more knowledgeable than ever when it comes to jobs outside of their specialty. In the past, the formation of a team would be a relatively simple task of choosing one or more members of a needed specialty in order to accomplish a project. In these more efficient times, members may be chosen more for their creativity and adaptability rather than an innate specialty. In theory this widens the pool of members from which to choose, and can increase the chances for success with the advent of unforeseen circumstances and obstacles."

Sample of Sources Used:

  • Bateman, T.S., & Snell, S. (2004). Management: The New Competitive Landscape. (6th ed.) New York: McGraw-Hill/Irwin.

Cite this Case Study:

APA Format

Organizing Human and Monetary Resources (2008, March 23) Retrieved August 13, 2020, from https://www.academon.com/case-study/organizing-human-and-monetary-resources-102336/

MLA Format

"Organizing Human and Monetary Resources" 23 March 2008. Web. 13 August. 2020. <https://www.academon.com/case-study/organizing-human-and-monetary-resources-102336/>

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