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Determining the biggest cost in running the business

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Reference no: EM133030440

Senior managers spend considerable time planning for the efficient use of equipment, materials and money towards achieving their business objectives. But they do not always give the same care and attention to planning the effective use of their human resources, even though people often comprise the biggest cost in running the business.

Discuss as fully as possible citing relevant examples why this happens in organizations, what has been the consequences and how the situation can be improved.

Reference no: EM133030440

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