Which resources must management possess to achieve organizational goals?

To achieve organizational goals, possessing the right resources is crucial for effective operations and strategy implementation. The correct grouping of resources is human, financial, material, and information.

Human resources refer to the workforce and their skills, necessary for carrying out tasks and meeting objectives. Financial resources involve the funds required to support operations, invest in growth, and maintain financial health. Material resources pertain to any physical assets and inputs needed for producing goods or services. Lastly, information resources encompass the data and knowledge that drive decision-making and strategy, enabling management to operate efficiently in a competitive environment.

This combination of resources addresses the various dimensions an organization needs in order to thrive, facilitating both the day-to-day functions and long-term planning that align with organizational goals.