Organisational human resources value, growth and strategic risk management
Hunt, Chris (2009) Organisational human resources value, growth and strategic risk management. In: Hunt, Chris, and Fowler, Carolyn, (eds.) Management Accounting: strategic management, decision making, performance and risk. Pearson , North Shore, New Zealand, pp. 81-101.
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It could be argued that, without humans there is no organisation. Until now, and into the foreseeable future, machines will still require humans to design them and to switch them on. The conditions portrayed in the movie trilogy the Matrix have yet to come to fruition. Traditionally, while management accounting has recognised the financial inputs of human resources, it has not given them the level of consideration, particularly in terms of service and public sector organisations, that they deserve. For service and public sector organisations in particular, the investment in human resources is primarily treated as a period expense along with wages and salaries. However, it is worthwhile to compare the level of human resource wages, salaries, training and development with those associated with the current and non-current assets of these service and public sector organisations. In this chapter the traditional treatment of human resources and their value adding capacity to an organisations is challenged, if only to. agitate for more research into this 'significant' organisational investment.
|Item Type:||Book Chapter (Research - B1)|
|Keywords:||management accounting; strategic decision making; risk; performance; organisational value|
|Date Deposited:||06 Apr 2010 06:38|
|FoR Codes:||15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1501 Accounting, Auditing and Accountability > 150105 Management Accounting @ 100%|
|SEO Codes:||97 EXPANDING KNOWLEDGE > 970115 Expanding Knowledge in Commerce, Management, Tourism and Services @ 100%|