Evaluate how managing resources and controlling budget costs can improve the performance of a business. D1

Topics: Management, Business, Control Pages: 3 (1501 words) Published: June 5, 2014
Evaluate how managing resources and controlling budget costs can improve the performance of a business. (D1)

Managing resources of a business can be hard for the business they have to maintain the resources by doing various checks over the years. For example maintaining a physical resource like a building, can be challenging, but in order to maintain it, a business has to insurance the building and the contents need to be in place, if the building needs repairs then they need to be repaired in time, the building needs to have security systems in place such as, entry codes, cctv, gated areas and areas maintained regularly; the person in charge to manage this resource can be the site manager, it’s his responsibility, to keep everything in order; if he doesn’t the do anything about the repairs, install security etc. The building can be in serious danger since the business will have to pay more in order to maintain it.

Another resource the business should manage is ICT, a business, e.g. Paapapii’s in order to maintain resources they need to purchase the appropriate software package, in order to work efficiently, they also have to provide training of computer software to employer’s in order to facilitate the work for them, and also the have to safe storage their data, if anything bad happens they can get their work back so they don’t slow down their sales. The person responsible to maintain this resource is the ICT manager.

Furthermore businesses should manage their human resources, in order to recruit people that are qualified for the job, some people might have the right qualifications but they don’t have the right experience, by improving the human resources, your business will develop a recruitment and hiring process that engages the manager and makes them responsible for the right hire, they can develop an employee performance process to evaluate and fairly reward employees for their work and create an employee file checklist for retaining the proper...
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