Successor Failure of a Company Depends on the Efficient Coordination of the Resourcessuch As Money, Material, Machinery and Men. Among These, the Role and Operationof Men Is the Most Complex. All the Activities of a Company Are Initiated Andcompleted By the Persons Who Make Up the Company. Consequently, People Are Themost Significant Resources of any Company. Human Resource Management Is Knownby Different Names – Personal Management, Personal Administration, Man Powermanagement.