This document defines key terms related to human resource management such as management, human resources, and HRM. It describes HRM as managing people within an enterprise by planning, organizing, directing, and controlling functions like employing, developing, and compensating human resources. The document outlines the nature, objectives, functions, and importance of HRM. It discusses the roles of HR managers and the need for HR policies to ensure consistency and uniformity in treating employees. Overall, the document provides a comprehensive overview of the concepts and principles of human resource management.