What Is The Most Important Resource?

What is the most important resources in an organization?

“First Who than What” Jim Collins, Good to Great.

The most important resource in your organization is your People..

What are the 5 types of resources?

Natural ResourcesBiotic & Abiotic. Any life form that lives within nature is a Biotic Resource, like humans, animals, plants, etc. … Renewable & Non-renewable. Renewable resources are almost all elements of nature which can renew themselves. … Potential, Developed, and Stock Resources.

What is the most resource rich country in the world?

RussiaRussia is the world’s richest country when it comes to natural resources. It leads all other nations in the size of both its natural gas and timber reserves.

What is the most important resource of any country?

Answer. Human resource is most important resource.

Why is HR so important?

HR Helps Develop an Engaged Workforce From hiring activities that identify the right people for each role to programs that give employees more ways to collaborate and communicate, the human resources department supports employee morale and helps employees develop a deeper commitment to the company and its goals.

Which country is rich in resources?

northam.co.za The most resource-rich country in the world is… probably Saudi Arabia. But oil isn’t the only valuable resource. A Citi report lists the richest countries in terms of metals and ore.

What natural resources will run out first?

Here are six already under severe pressure from current rates of consumption:Water. Freshwater only makes 2.5% of the total volume of the world’s water, which is about 35 million km3. … Oil. The fear of reaching peak oil continues to haunt the oil industry. … Natural gas. … Phosphorus. … Coal. … Rare earth elements.

What are the key resources?

Key Resources describes the most important assets required to make a business model work. These are the resources that allow an enterprise to create and offer a Value Proposition, reach markets, maintain relationships with Customer Segments, and earn revenues.

What resources do we use everyday?

Natural resources such as coal, natural gas and oil provide heat, light and power. Natural resources also are the raw materials for making products that we use everyday from our toothbrush and lunch box to our clothes, cars, televisions, computers and refrigerators.

What are 20 natural resources?

Natural Resources by CountryBauxite.Coal.Copper.Diamonds.Gold Lead.Iron ore.Mineral sands.Natural gas.More items…

Which country has most natural resources?

The third country on the list is Canada. … Saudi Arabia is a small country in the Middle East and is slightly larger than Mexico. … China tops the list for having the most natural resources estimated to be worth $23 trillion.More items…•

What are the top 10 natural resources?

This article will discuss the top natural resources and what they are used for.Water. Like soil, water is one of the most important natural resources for the existence of life.Soil. … Timber. … Salt. … Oil. … Natural Gas. … Coal. … Iron. … More items…•

What are the 4 types of natural resources?

The four natural resources are renewable, living, non renewable, and fossil fuels. They are very important to our life and existance.

Which is the most important resource and why?

Human resource is considered to be the most significant resource of a country, which directly contributes to the countries economy with its productivity.

What are the three most important resources?

Top 10+ Natural Resources in the WorldWater. While the earth may be mostly water, only about 2-1/2 percent of it is freshwater. … Air. Clean air is necessary for the existence of life on this planet. … Coal. Coal is estimated to be able to last less than 200 more years. … Oil. … Natural gas. … Phosphorus. … Bauxite. … Copper.More items…

What is the most important resource for humans?

Home / NEWS AND EVENTS / Water is the most important resource in human life.

What is the most valuable natural resource on earth?

OilOil is one of the most valuable natural resources in the world, and one of the most essential to our modern way of life.

Why are human resources important in short?

Human resources are important because nation’s development is mostly depended upon human resources which include human skill, technology, thinking and knowledge, that leads to a nation’s power. Only human skill and technology change the natural substances into a valuable resource.

Which country uses the most natural resources?

While China is becoming the world’s leader in total consumption of some commodities (coal, copper, etc.), the U.S. remains the per capita consumption leader for most resources.

Is gold a natural resource?

Gold is a chemical element with the symbol Au (from Latin: aurum) and atomic number 79, making it one of the higher atomic number elements that occur naturally. In a pure form, it is a bright, slightly reddish yellow, dense, soft, malleable, and ductile metal….Gold.HydrogenRubidiumStrontiumYttriumZirconiumNiobium5 more columns