Btec Business Subsidiary Diploma Level 3 Unit 2 D2
Evaluate how managing resources and controlling budget costs can improve the performance of a business.
Managing resources is a way to improve the performance of a business this is because it helps to guide the business and improve it.
Human Resources
Starbucks uses HR to help to budget and manage costs. They do this by having a set of people for specific tasks. If someone is more skilled they will move that person to another place because they have better skills and the quality of their work is much better which shows that they have better qualifications. Human resources make the business a work place and at Starbucks the employees have certain characteristics like their behaviour and age, which helps to improve the businesses expectation from customers.
Cut wastage
Starbucks are bringing in new ways to cut waste, like recently they have introduced a reusable plastic cup, which looks like a normal Starbucks cup. They are selling these for an extra $1 and also the customer receives a discount from Starbucks so this is persuading the consumer to get this because it will help them to get a discount and also they are saving money. This will help to improve the business and also it helps to budget costs because they are reusing their products. Starbucks have electrical products which can be repaired or recycled also the distributors of the electronic equipment have a part to play in the reducing the amount of WEEE going into landfill sites. The building waste the landlord is in charge to manage the waste there.
Reduce amount of stock held
Starbucks have to make sure that they maintain the amount of stock they order because they might not have enough space in there warehouse to store it. So they only order items that they know are going to sell well and they use on a regular basis like Starbucks cups, milk and sugar products like that. They want to maintain the amount of stock because they are trying to control budget costs and by maintaining stock they are
Managing resources is a way to improve the performance of a business this is because it helps to guide the business and improve it.
Human Resources
Starbucks uses HR to help to budget and manage costs. They do this by having a set of people for specific tasks. If someone is more skilled they will move that person to another place because they have better skills and the quality of their work is much better which shows that they have better qualifications. Human resources make the business a work place and at Starbucks the employees have certain characteristics like their behaviour and age, which helps to improve the businesses expectation from customers.
Cut wastage
Starbucks are bringing in new ways to cut waste, like recently they have introduced a reusable plastic cup, which looks like a normal Starbucks cup. They are selling these for an extra $1 and also the customer receives a discount from Starbucks so this is persuading the consumer to get this because it will help them to get a discount and also they are saving money. This will help to improve the business and also it helps to budget costs because they are reusing their products. Starbucks have electrical products which can be repaired or recycled also the distributors of the electronic equipment have a part to play in the reducing the amount of WEEE going into landfill sites. The building waste the landlord is in charge to manage the waste there.
Reduce amount of stock held
Starbucks have to make sure that they maintain the amount of stock they order because they might not have enough space in there warehouse to store it. So they only order items that they know are going to sell well and they use on a regular basis like Starbucks cups, milk and sugar products like that. They want to maintain the amount of stock because they are trying to control budget costs and by maintaining stock they are