Why are people considered a resource class 8
People are considered a resource class 8, because they have the power to contribute or create elements of value to achieve specific goals, such as knowledge, skill, and effort, to an organization. Humans are unique among other resources because they are able to think and act independently with creativity, meaning they can bring innovative solutions to problems. In doing so, humans can contribute to the growth and development of an organisation.
They can provide labour, generate ideas and develop products and services that add value to the organisation. Humans can be used as a resource to increase productivity, develop quality services and products, manage finances and resources, understand consumer behaviour, and make decisions to improve the organisation. They also possess physical and emotional qualities that allow them to work in teams, communicate effectively, and make better decisions.
People are considered a resource class 8 because they possess the power to build and develop the organisation. They are able to draw on their skills, knowledge, abilities, and experience to create a strategy to achieve their goals. By utilising human resources, an organisation can gain a competitive edge and gain an advantage over its competitors.
People can also help an organisation understand and meet consumer needs, as they are able to provide insight into what consumers want and need. Overall, people are an important resource class 8 because they can bring value to the organisation and create a lasting success. Additionally, their knowledge, skills, experience, and ability to think critically can bring many benefits to the organisation.
Below are images relevant to your question