Moses Yonggwan Park, Sarah Sooja Kim
Osaka Sangyo University Journal of Business Administration, 15(2・3合併) 45-54, Jun, 2014 Peer-reviewed
The current management model includes personnel management, organization management, financial management, production management, information management, and time management. Since human beings are resources or capital more important than anything else, personnel management is also called human resource management (HRM) or human capital management (HCM). However, humans are not resources or capital. Therefore, human beings are not the objects of management. The objects of management are resources such as things, money, information, knowledge and expertise, and time. Human beings are the subjects of management. Human beings are led toward a vision, and every person must be able to fully demonstrate their talents. If management believes that, the concepts of personnel management, human-resource management, and human capital management represent a contradiction terms.