Business Ethics and Corporate Governance, Second Edition

INTRODUCTION

At different points of time in the history and evolution of modern management, different management functions such as marketing, finance, production, etc., have hogged the limelight. For a very long time marketing function had ruled the roost. Financial management too has been considered as the kingpin of organizational strength. However, in recent times, with increasing globalization and integration of global economies with one another, the growing importance of knowledge management, and the need to find and put in place cutting-edge brainpower, has placed human resource management (HRM) on a high pedestal. Human resource with the requisite qualification, managerial expertise and experience is increasingly becoming scarce visa-vis ...