...Resource | Description | How each resource can be used by the Mayflower Theatre | Buildings and facilities | The location of where a business operates. Every business needs some form of building to work in. It can range from a small office in a web based company to a massive warehouse for a company like Wilton Bradley Ltd. | They have a grade 2 listed building in which the theatre is located. | Materials & Waste | The type of materials depends on what type of business it is. Some businesses choose to help the environment by only having recyclable materials (paper, energy etc.). Waste is what isn’t needed therefore removed from the area. | The materials used by the Mayflower Theatre are things like paper, electricity for lighting and computers etc. These are all used when tickets are bought, profit is counted and throughout the day when the theatre needs lighting. | Plant & Machinery | These are the items used for physical movement in businesses. Anything needed to be moved or removed would be done by a piece of machinery which could be of any size. | The Mayflower Theatre uses things like fork lift trucks to move larger equipment on and off of the stage. They also have electrical testing equipment which are used for safety reasons. | Equipment Including IT | The things used by every business come under the equipment category. Things like pens and computers are all equipment used by businesses. | Computers are in the Mayflower Theatre which are all used daily...
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...Insurance Insurance is a type of physical resource. Insurance is a resourec that protects businesses from losses due to any type of events that can occur during the normal course of business. There are many types of insurance within businesses. these include, insurance for a property damage, insurance for legal liability and insurance for employee-related risks. Some of these Insurance are used within Topshop. This is used within the business as it allows them to reduce the financial impact of risk to occur within the business. Having insurance within the company means that the business will not have to worry about the risk of having to pay a large amount of money to repair the business. It also allows them to claim money if any floods or earthquakes accrues. Security Security is a type of physical resource that is used within Topshop. Securities like camera are important within the business. This is due to the fact that it allows anyone who enters the business to feel safe and secure. it is also important as it allows the company to take control over the activites within the business. This type of security is used within Topshop to ensure that all employees feel safe when they are working within the organization as well as making sure there are no theft accruing within the business. Having this type of security also means that there is less risk of the business loosing a large amount of money. furthermore, security cameras are used within Topshop as it allows them...
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...P1: describe the skills required of an event organiser Time management is a skill you would need while you are organising an event. It is a way of splitting your time between the tasks you need to do. As a class we used time management throughout the whole time of the event organisation. We used skills such as deadlines and schedules so we had to be award of the amount of time we spend on each task as a group. Communication skills are a very important way to communicate within a group. Within our group we have done many meetings in a classroom a total of 10. In these meetings we spoke about how far everyone has got on their task they were given, because all tasks were broken up into groups. Problem solving is important because it is very likely for anything to go wrong so we will need a solution or a back up plan. For example while we were doing the assemblies we had a problem of the video not playing in both halls at the same time. That’s why on the Friday 8th February 2013 we made sure we had another video for the year 11. Negotiating is any activity that influences another person. We as a group had to negotiate with Mrs Jarvis to give us prices on printing, and how much we needed to print for the event. For instance we had a variety of prices for the posters, such as different types of paper and different quality of colour printing. Recourse management is the way you use recourses such as financial, human skills, production, IT etc. It is important to balance...
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...Task 1 M1 (building on P3 work) Explain how the management of human, physical and technological resources can improve the performance of a selected organisation In our earlier pass criteria 3 in assignment 1 we looked at the physical and technological resources required. 1. In a report or email, advise Peter Tong on how the human (staff), physical and technological resources will improve the productivity and performance of Computer Gadgets. Human Resources It is extremely significant and vital to have Management for the HR (human resources) department. As the management team are very crucial, it is highly needed for them to be able to find the correct method to their employees and be competent to administer and organise them in a professional manner. For the staff at Computer Gadgets to have the ability to achieve, complete and perform as efficiently as possible so that the manufacturing and the customer service quality is all increased, this would mean that the Human Resources would need to be very on point. Your business is able to manage and accomplish all of the human resources via many methods. The methods are as follows: - Assessments - Personal development planning - Training and - Motivation An exceptionally important element to consider in the Human Resources Department, is the fact that when it comes to taking on and hiring new staff members, they would need to be equipped with the correct skills and especially qualifications. The correct qualifications...
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...Area covered Assessment criteria Assignment Learning outcome 3 - the impact of the economic environment on business How economic environment affects different businesses Content The economic environment consists of External factors in a business' market and the broader economy that can influence a business. You can divide the economic environment into: • The microeconomic environment - which affects business decision making - such as individual actions of firms and consumers(Market size, Demand, Supply, Competitors, Suppliers and Distribution chain, such as retailer stores) • The macroeconomic environment - which affects an entire economy and all of its participants. Many economic factors act as external constraints on your business, which means that you have little, if any, control over them (Interest rates, Taxes, Inflation, Currency exchange rates, Consumer discretionary income, Savings rates, Consumer confidence levels, Unemployment rate, Recession and Depression) • Describe at least two economic environment micro or macro. • Comparison of two contrasting economic environment - challenges business face • Describe how political factors impact on business activities during an economic environment(recession) i.e. recruitment of staff • social factors impact on business activities i.e. ethics( the business social responsibility policy) and suppliers and distribution chain • and legal factors impact on business activities i.e. employment law during recruitment...
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...M1-explain how the Management of human physical, technological resources can improve the performance of Tesco. Managing resources at Tesco Physical-Buildings, Lorries and trucks, massive warehouses Technological-Scanning checkouts, Captures stock control systems, on line shopping, club card, Marketing Human-Recruitment, Training, motivation, staff appraisal. Physical-improvements on the physical management can improve the performance of Tesco as if they have bigger building in means that they have a larger space capacity which will enable them to make bigger stores around the world, if they have a bigger building then it will also allow them to put a variety of products in store and not just limited stock, if they had a smaller buildings then they would not be able to fit ass many products inside as they are able to do so now, there wouldn’t be any space for there large car park that almost every Tesco store has this very moment in time. Having Lorries and trucks can majorly improve performance at Tesco because having those facilities available there for them to use is a great help, lorries can carry a huge amount of stock from one store to another or from the warehouses back to Tesco stores, this would help save a lot of time in comparison to if they never had any lorries or trucks to help deliver their goods because then they would need to have a number of vans to carry their products back and forth, this would waste allot of petrol and allot of money, so having lorries...
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...Explain how the management of human, physical and technological resources can improve the performance of a selected organisation: M1 Human resources Like every successful business, it is important that the management can control and manage the employees in a respectable way. Human resources is very important for a business like KFC because this helps to increase the productivity so there food being made and customer service. These two are crucial in a well-known food place. The ways in which KFC can manage human resources would be through either assessments, training or development planning. KFC need to ensure they employ people with the right qualifications and skills that fit into their criteria helping to achieve the goals within the business. Human resources needs to be managed as it motivates employees to achieve the goals for KFC, as human resources links the organisation and the employees. Management of human resources takes a big part of noting the businesses problems, seeing what they can do to improve it and ensuring employees are work to their best for efficiency. KFC can try to provide an efficient customer service by managing the employees. Physical Resources Physical resources are crucial for the business as it helps to run the organisation, do daily activities meaning without any management of physical resources, KFC would struggle to do day to day activities. What physical resources include: * Buildings and premises * Equipment * Facilities ...
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...Managing business resource is vital for any business if they are determined to do well. A business has two types of resources and by managing the business resource it can improve the performance of the business in many areas such as profit margins and market share. If Tesco use they staff in an appropriate manner and make use of all they skills and abilities then the business can gain high amount of output for instance high level of productivity, motivated and improve team working. The business can give the staff training to broaden the skills and abilities of the staff which will benefit the business has the staff will be multi-skilled and will be able to work in different areas so if there was a staff absent another staff can filled and do the job task required. If Tesco manages its building properly by using to its full capability and ability then the business will manage to decrease costs and by redeeming cost from the use of the building. For instance if the business has empty shelves in the building then the business will not be gaining any money from that space of the building and they are not using the equipment to its strength which means they are not recouping they cost. If Tesco manages its security properly then the business has the assurance of the stock and valuable in the business are safe and secure. This can be only done if the security cameras are checked regularly if they are working and if the alarms set on at the right time. If these are not checked then...
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...Unit 2 M1 Explain how the management of human, physical and technological resources can improve the performance of John Lewis Human Resources – Human Resources is concerned with the issues of managing people in the organisation. There has been evidence to show that employee commitment can be affected by different factors. These could be things such as job satisfaction, recognition and appreciation from managers. http://en.wikipedia.org/wiki/Human_resources Employee satisfaction is able to be broken down to feelings which are associated with salary, work environment and the training which are on offer which can assist in both professional and personal growth. Finding the right staff to work in John Lewis/Waitrose is important because without the right people important decisions which need to be made in a business may not be made. The methods used to recruit staff are through newspapers, advertisement, word of mouth and careers fair. These are all traditional methods. Due to people using technology more there are also internet based methods such as online application forms, emails, web advertisement and web page pop ups. This helps improve the performance of John Lewis as most of people are beginning to use the internet meaning it is easier for them to recruit new staff quickly and effectively. On the other hand if John Lewis train people well and then retain their staff they will then not have to spend as much money on training to staff as they will be able to lean from...
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...To: Management From: Chameli Miah Date: 16th October 2015 Reference: How efficient management of human, physical and technological resources can improve the performance of the organisation. Introduction This report is going to explain how efficient management of human, physical and technological resources can improve the performance of the organisation. It will also include examples. Human resources Management of human resource is very important for an organisation, the management should therefore find the right approach to their employees to be able to plan and manage them in a professional manner. Human resource management is important for an organisation because if employees perform efficiently it increase the production and customer service in an organisation. A business can manage its human resources through methods such as: motivation, training and personal development planning. A very important aspect in HR management is employing staff with the right skills and qualifications required for a particular job role and training those staff that doesn’t have the required skill to carry out a particular task. Management of human resources is essential as it commits employees into achieving organisational goals and objectives. HRM functions as the link between the organisation and the employees. Management oh human resource plays a significant role I clarifying the organisation’s problems and providing solutions while making employees work more efficiently. Relating to...
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...Business Resources | Learner name | Assessor name | | Kanayo Isiekwena | Date issued | Hand in deadline | Submitted on | 12th October | 6th November 2015 | | Assignment Title | Assignment 3 – Know the purpose of managing physical and human resources | In this assessment you will have opportunities to provide evidence against the following criteria. Indicate the page numbers where the evidence can be found. | Criteria Reference | To achieve the criteria the evidence must show that the learner is able to: | Task No. | Evidence | P3 | Describe the main physical and technological resources required in the operation of a selected organisation | 1 | Report | M1 | Explain how the management of human, physical and technological resources can improve the performance of a selected organisation | 1 | Report | D1 | Evaluate how managing resources and controlling budget costs can improve the performance of a business | 2 | Report | Assignment Title | Assignment 3 – Know the purpose of managing physical and human resources | The purpose of this assignment is to know the importance of human, physical, technological resource for a selected organisation. | Scenario: Lambeth Council has asked that you produce a report evaluating of importance of human, physical and technological resource within Lambeth. | Task : Report Produce a report describing the physical and technological resources...
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...Assignment brief – QCF BTEC Assignment front sheet Qualification | Unit number and title | BTEC Level 3 Business | Unit 2 - Business Resources | Learner name | Assessor name | | | Date issued | Hand in deadline | Submitted on | w/c 12th January 2015 | w/c 25th January 2015 | | Assignment title | Assignment 3 - Having the Right Resources | In this assessment you will have opportunities to provide evidence against the following criteria. Indicate the page numbers where the evidence can be found. | Criteria reference | To achieve the criteria the evidence must show that the learner is able to: | Evidence: | P3 | Describe the main physical and technological resources required in the operation of a selected organisation. | Report | M1 | Explain how the management of human, physical and technological resources can improve the performance of a selected organisation. | Report | D1 | Evaluate how managing resources and controlling budget costs can improve the performance of a business. | Report | Learner declaration | I certify that the work submitted for this assignment is my own. I have clearly referenced any sources used in the work. I understand that false declaration is a form of malpractice. Learner signature: Date: | Assignment brief Qualification | BTEC Level 3 in Business | | Unit number and title | | | Assessor name |...
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...2 P3David OZUO 52517 Unit 2 – P3 Describe the main physical and technological resources required in the operation of a selected organisation ------------------------------------------------- Ayo Afolabi ------------------------------------------------- a) Explain what is meant by resources and give examples All organisations have physical and technological resources that they own that need to be carefully managed. Physical resources are the resources that an organisation needs to maintain in order to carry out its activities. Physical resources include the organisation’s buildings and machinery and the maintenance, insurance and security of these resources. Technological resources include the physical equipment and designs and drawings. It also includes things like software and music, which are also owned by the organisation. b) Explain the difference between physical and technological resources and give examples. Physical resources Physical resources are the resources that the business needs to maintain in order to carry out its activities. This includes buildings, equipment, maintenance and insurance. Buildings and facilities – all businesses need buildings to operate from. This could be a shop, office or someone’s house. The type of building can be very important to some businesses, such as famous buildings in London for financial companies. These companies will want to impress clients by having excellent facilities within the building, such as reception areas...
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...Business Resources P1 Describe the recruitment documentation used in a selected organisation Documentation is very much required while recruiting personnel. This will be useful for both the parties. Different Organizations deal with different procedures with regard to recruitment documentation. However, the following are some of the important recruitment documents in general used by different organisaitons: i) Offer Letter ii) Appointment Order iii) Physical Fitness Certificate iv) Indemnity Bond v) Cancelled Cheque All these documents are very much necessary for the both i.e. for Organisations and for the persons to be employed to avoid legal complications which normally affect on the day to day administration of the Company as well as the employees. i) Offer Letter: Offer letter contains invitation to a person for appoint him/her for a specific post/ position. It also contains Salary, Perks, Position, responsibilities, facilities etc., The following is an offer letter for the post of Staff Accountant to be recruited in the Fischer, Johnson, Zuelke and Company P.A. ii) Appointment Order : There are some similarities in Offer Letters and Appointment Letters. But both are different. Once the conditions fulfilled by the candidates (if they agree) either orally or in written, the appointment letter / Order will be issued to the candidate. The model Appointment letter of Institute of Educational Research and Studies Primary Teachers’ Training...
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...In this assignment I will be explaining how the management of human, physical and technological resources can improve the performance of an organisation. Human Resources The management of human resources is quite important for an organisation like Tesco. It is important for the business to have the ability to approach their employees with a plan and manage them in a professional manner. Human resources is important because if the employees perform efficiently and work hard that means that the production for the business will be a lot and it will be good, the customer service will also be of a good nature also. Tesco can manage their human resources with methods like: motivation, training, appraisals and personal development. It is important for HR to employ individuals with the right skills to work for the business, they also need to qualifications required for a particular role. Management in HR is important because it helps employees to achieve goals and objectives. Management of the HR helps to identify the businesses problems and helps to form solutions while the workers are still working hard. Physical Resources Physical resources helps for the business to carry out day to day activities and run the organisation well. Therefore it is essential for the management to be of a strong nature. Physical resources include: buildings and premises, equipment, facilities, plant and machinery. Every business needs a building to operate and function their services. Management...
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