In organizations, people are regarded as major what?

Prepare for the ACCA Accountant In Business (F1) Exam with flashcards and multiple-choice questions, including hints and explanations. Get ready for your certification!

Multiple Choice

In organizations, people are regarded as major what?

Explanation:
People in organizations are often regarded as a major resource due to their significant role in driving productivity, innovation, and overall organizational success. This perspective highlights the importance of human capital, emphasizing that the skills, talents, and capabilities of individuals contribute immensely to achieving the organization's objectives. When viewed as a resource, employees are seen as integral components that organizations can develop, engage, and leverage to gain competitive advantage. Their knowledge and experience are vital for problem-solving, decision-making, and executing strategic plans. Understanding this concept is crucial because it shifts the focus towards effective management of people, encouraging organizations to invest in training, development, and fostering a positive work environment in order to maximize the potential of their workforce. Other choices, while related to human aspects in an organization, do not encapsulate the comprehensive role that people play in contributing to success as effectively as viewing them as a major resource.

People in organizations are often regarded as a major resource due to their significant role in driving productivity, innovation, and overall organizational success. This perspective highlights the importance of human capital, emphasizing that the skills, talents, and capabilities of individuals contribute immensely to achieving the organization's objectives.

When viewed as a resource, employees are seen as integral components that organizations can develop, engage, and leverage to gain competitive advantage. Their knowledge and experience are vital for problem-solving, decision-making, and executing strategic plans.

Understanding this concept is crucial because it shifts the focus towards effective management of people, encouraging organizations to invest in training, development, and fostering a positive work environment in order to maximize the potential of their workforce. Other choices, while related to human aspects in an organization, do not encapsulate the comprehensive role that people play in contributing to success as effectively as viewing them as a major resource.

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