Company Resources refer to the required resources to operate a Business. Company Resources are basic building blocks of company authority and can use to achieve its objective and target. Company resources include tangible assets, (such as its plant, equipment, finances, and location, human assets, in terms of the number of employees, their skills, and motivation), and intangible assets (such as its technology (patents and copyrights), culture, and reputation).
Our Main Resources Are:
Financial Resources
Financial resources are the assets of the company which are used for company activities like paying salaries, buying raw materials, etc. The best financial resources management approach is important to achieve the objectives and target of the company.
Human Resources
Human resources are the building block of any company. Without Human resources, there are no performance and achievement.
If you work at an organization, you already know a little bit about Human Resources. The organization has a department for recruitment of employees and dealing with staff, like paying salaries, onboarding, training, and development.
Material Resources
Material Resources are the tangible assets of the company that can use to achieve its objectives and targets. Material resources can be touched or seen.
Material resources are dynamic in nature. They are changed with the change in time and technology. When new technology is implemented, it may replace old machines with a new ones for better performance.
Intellectual Resources
Intellectual Resources are the intangible assets of the company that can be used to achieve its objectives. Intellectual Resources cannot be touched or seen.
It can include recipes for those who deal with food. Or it can include a particular way of doing things. It is impossible to measure the actual value of intellectual resources.