Impact of Human Resource Management on Economy: Firm Management Perspective
4 Pages Posted: 13 Apr 2017
Date Written: April 12, 2017
Abstract
Firms produce national GDP in an economy. There are several functions in firm management, and managers operate those functions. They are logistics, supply, stock, finance, accounting, marketing, production, etc. All have managers such as accounting manager, finance manager, marketing manager, etc. Performance of managers is crucial to firm performance. Because performance of managers might become one determinator of firm performance. Therefore, HRM may have an impact on GDP through managers. Because productions and sales of firms affect GDPs in an economy.
Keywords: GDP, professionals, managers, HRM, firm performance
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