P1- bUSINESS UNIT 2

In this task, I will be evaluating how managing resources and controlling budget costs can improve the performance of a business. I will also be exploring the strengths and limitations of managing resources and budgets.

1. Friendliness – Most people want to be treated in a friendly manner. When purchasing something or requiring customer service from a vendor or supplier.

Subject: How managing the resources of the organisation and effective budgetary control can improve the performance of a business.

The text refers to resources, technology and effergy as the top three items to evaluate (Nassar, 2007). All three components work together to create an organization. The key is to create an even balance with all three components.

The roles of each employee are clearly outlined to ensure that they stay focused to achieve the objectives of the organization. Human resource is a major resource in achievement of organizational goals. Through planning the organization is able to allocate the resources required to achieve the objectives. Effective planning ensures that the organization maximizes the use of the organization resources. The Villa care real estate has been able to maximize the use of the resources. Effective and efficient utilization of resources ensures that the organization remains competitive.

The school’s structure and location is one of the most envied and well-designed schools on the island. It is equipped with laboratories for Physics, chemistry and Biology. There are two Information Technology labs and a multi-media room that are fully equipped with desktops and high speed Internet. The Agriculture Department has four greenhouses to manage, a poultry and a rabbit hutch. There is also a fully equipped woodwork room, Auto Mechanics room, Technical Drawing room, clothing and Textile room and Food and Nutrition lab. The school operates a self-sustained canteen. 44 members of staff are employed at the school but only eight are qualified and trained. The material resources available at the school are not put to full use.

Physical & financial resources – developing goals for the organizations resources ( plant, equipment, inventory, capital) to effectively compete in the market place.

The unit looks at how a range of resources including human, physical, technological and financial resources are used and managed within business. This unit will help the learner to have an understanding of how human resources are managed and of the employability and personal skills required of personnel in an organisation. Learners will gain an understanding of the purpose of managing resources effectively, not only in relation to human resources but also in terms of physical and

These resources generally show and direct the company of how and what to use, in order to create value and earn returns above average by methodically leveraging their resources, core competencies and capabilities to take advantages of the opportunities arising in the external environment. The role of the firm’s resources is to provide a foundation for

This essay will discuss how resources and competences are linked with regards to a firm’s performance and under what conditions they can be fully utilized to create a competitive advantage for the company in question.

Barney, JB (1996) The Resource-Based Theory of the Firm. Organization Science, Vol. 7, No. 5, 469. Sep-Oct., 1996.

The aim of this easy is to describe the effective management of organisations, facilities and activities are essential if business objectives are to be achieved in a sustainable manner.

Organizations have the ability to resource both real and virtual aspects towards the management and improvement of the performance of its employees and different departments. It is ideal to focus on the method of resourcing or conceiving and constructing available resources for the achievement of goals and objectives. Resourcing refers to the process by which organizations focus on enhancing the identity of the resources thus making them matter in the context of achieving valuable goals and objectives (Raiden et al, 2008). Resourcing focuses on the ability of the organization to adopt and implement resources towards the achievement of competitive advantage within the market or industry of operation. This is through exercising power, influence, and solidarity and inclusiveness among inter-organizational exchanges overtime.

Question C1: Identify resources and capabilities of a specific organisation in relation to its external environment.

For the successful functioning of my business organization, finance, machines, materials and manpower resources are essentials. Human resource practice deals with all the above mentioned.