All entries for Tuesday 08 February 2011
February 08, 2011
It was interesting to know that there is a big debate about the importance of people in any organisation/business. the competitor of people in importance for many in money. and I would like to give some thoughts about the importance of people as an asset.
Money/ cash is very important for a business because, according to many, it can buy the highest technology, best assets, best raw materials, and hire the 'best people'. That might be true, but does the mere having the best of everything lead to an excellent successful business? can the financial indicators of a small simple restaurant be higher that a five star one which has the best of everything? if there is such a possibility , what is the factor that can drive this?
A last thought, if we assume that money can buy the 'best people', can it buy their enthusiasm, commitment, and loyalty?