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1. Are people always an organization’s most valuable resource? Why or why not?
People are the organizations’ most valuable resources because they represent the intellectual capital of the organization. This intellectual capital includes the employees’ knowledge, their skills and abilities and also their talents in handling the jobs in hand. The human capital embodied in the employees of the organization have to be recruited, trained, motivated and also retained by the organization to compete in the globalized world. It is not enough if the administrative functions of hiring and training of employees are carried out by the HR managers, but these personnel must be continuously be motivated, help them to generate new ideas and techniques for improving productivity and also retain them through properly engaging them in their respective positions....
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