Managing a business is a challenge let alone dividing it into sub-divisions and managing them individually as key aspects of the main business. Depending upon nature, every business has multiple functions that make up its whole infrastructure ranging from, customer service to logistics, business analytics to human resources, etc. Effective management of all these different aspects of a business is key to its success.
General Management
General Management is a vast discipline that encapsulates major aspects including, accounting, finance, entrepreneurship so on, and so forth. Most of the business management online courses are rooting in the fundamentals of problem-solving, decision making, and leadership. This enables the person to have a better understanding of how the business world operates and equips them to handle adversities with ease.
Also Read : What are General Management Courses?
Human Resource Management
Human Resource or as commonly known as HR is a function of the business management that manages all the issues related to the people or the employees. Its various functions can be illustrated but are not limited to, recruitment, compensation, performance management, organization development and wellness, policy administration, training, and development. It’s one department that is at the core of a business and helps in acting as a binding agent across all the different verticals.
General Management vs Human Resource Management: Key Differences
There couldn’t be two different aspects of a business that were so different, yet they are heavily dependent on each other. Management as a whole covers all the functions of a business including Human Resource. On the other hand, Human resources is a business function that is responsible for hiring, managing, retaining employees, and overseeing the complete wellbeing of a company as a whole.
Also Read : General Management vs Human Resource Management
The basic difference can be classified based on scope, approach, and nature.
- Scope
Human Resource Management has a broader work spectrum as compared to general management. Business management online courses include functions such as performance appraisals, goal setting, manpower planning, etc. Human Resource Management has all the above attributes and then some such as overall health of the organization, employee satisfaction, grievance resolution, and so forth.
Also Read : The Functions of Human Resource Management
- Approach
Management revolves around establishing policies, holding people accountable to their roles and responsibilities whereas Human Resource Management focuses on the values and mission of the organization from a broader perspective.
- Nature
General management has always been goal-driven. Targets are set and the policies are set to ensure maximum efficiency. Often their approach towards these goals discounts the core organizational values. Human resource management takes a more proactive approach by aligning the corporate goals and the ultimate vision of the company, all this while ensuring that employee satisfaction is being catered to.
Also Read : How to Become a General Management Expert in 2020?
Wrapping Up!
Business management online courses provide an excellent avenue for anyone who wants to either hone their skills or gain deep insights into how different functions of business work in tandem towards achieving the company’s goals and promote a healthy environment for its employees. One such course is the general management online programs IIM Raipur. This course is specifically designed to provide leaders with all the necessary tools to ensure efficient management and better decision making in all aspects of a business.
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