There is a significant shift in the way the businesses are running in 21st century. Today, business are enabled with Employee-light model, Capital-light model, Asset-light model, etc.
Following are a few examples,
Employee-light model – Tesla has fewer employees than a conventional automaker
Asset-light model – Apple sells one of the most valued phones and computers, but outsource manufacturing
The crux is, businesses are ultra-focused on ‘profit optimization’ with the means of ‘effective resource utilization’; and ‘Human Resource’ is in the centre of attraction.
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