Question

Prahalad Ana Hamel are of the view that the general managerial epithet people are out greatest asset is a tired cliche. How true is this

Answer 1

New generation companies are spending far higher on licensing costs, installation of machinery, purchasing assets etc.

They hardly bother to revise the pay settlements of their employees.

Performance linked bonuses indicate that employee's worth is only being judged by numbers or quality metrics.

In order to counter stiff competition businesses are ignoring their human resources and the need of investing in staff for long term growth.

Answer 2

The general managerial epithet "people are our greatest assets" is a tired cliché because people are considered to be an assets as man power is very important in any work and in any fields.

So man power is also considered as a resource in any organisation as people contribute most in any organisation.