'An entrepreneur must pay adequate and proper attention to human resource planning as it helps in assessing the kind of people required'. Explain.

Question

Accepted Answer

Human resource planning is a process by which an entrepreneur ensures that he/she has the right number of people, and the right kind of people with appropriate skills, at the right place and the right time. The entrepreneur must clearly state: a. What kind of person is required to be hired for getting the work done. b. As each person would have a different position, duty and responsibility, it becomes imperative for the entrepreneur to clearly work out a wide range of personnel ranging from managers, supervisors, administrators, engineers, technical, skilled and unskilled class. c. Nature of business activity helps entrepreneurs to a large extent in deciding the type of manpower required.