Description

The assets of an organization can be categorized as the fixed and the current. Whereas infrastructure and machinery constitute the fixed assets, human resources and material inventories make up the current assets. Whilst most of the organizational assets tend to depreciate with the passage of time, conversely, its human resources tends to appreciate progressively. Thus, it is the manpower component that has a decisive bearing on an organization’s performance, which in turn determines the state of its functioning, so much so that it is not the technological advancement that determines the viability, no to speak of the profitability, of an