Encyclopaedia Of Economics, Commerce And Management- Corporate Planning And Strategic Management (Vol. 2)

The agreed principle of modern successful corporate management is the correct use of human material for the good of the corporate unit as well as the large national interest. The historical developments that have been witnessed in the vital areas of human resources management in the past few decades is only a reflection of the professionalism that has been brought about in the entire range of manpower planning, policies, deployment and training. The replacement of the old familial paternal modes of personnel management with modern professional concepts and practices, which seek to optimise the human as well as professional faces of management, is the focus of modern HRM.