Resource Mobilisation

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Resource mobilisation refers to the coordination of all activities involved in securing new and additional resources for an organisation. It also means making the best use of existing resources. It is…

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The five Ms are Money, Manpower, Machine, Material, and Method. Money means financial resources, manpower means human resources, machine means physical resources, material means raw material, and meth…

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Money is the first resource that must be arranged because every business needs funds for registration, buying inputs, and meeting other needs. Without money, other resources cannot be obtained or used…

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Manpower means human resources. It includes skilled and unskilled employees at different levels. The success of a business depends greatly on the skills and abilities of its people.

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Material means raw material. It is the basic input needed for production or service work. Without materials, human effort cannot produce useful output.

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Machine means physical resources. These include land and building, plant and machinery, furniture and fixtures, infrastructure, and other physical facilities needed to start and run a business.

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Method is the sequence of activities designed to perform a task. It includes business processes, technical know-how, trade secrets, and other ways used to carry out work efficiently.

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Resources are mobilised by planning the need for money, people, materials, physical facilities, and methods, then arranging them from suitable internal and external sources. The process depends on the…