...D1) Suggest, with justification, way of improving motivation in an organisation “Employee motivation is a key to productivity in the workplace. Disgruntled or otherwise unhappy staff members can poison the work environment and cost the company money. Knowing what contributes to staff member satisfaction is the first step in correcting the problem. Effective managers should be in control of employee morale at all times, and an objective team effort should be made to prioritize motivation.” As already seen, Lloyds has introduced many different measures in order to improve and maintain the motivation of its employees. However, there is also room for improvement and areas to work on in order to sustain the same level of motivation over a long period of time. One of the ways in which this can be achieved is through setting clear goals for the company, and making sure all employees are aware of them. Besides setting overall company goals, which Lloyds has already done, goals for individual employees, or departmental goals, should also be set. The goals that you set for your staff should be: • In-line with the needs of your business as a whole. • Goals that your employees are directly able to influence with their work and actions. • Measurable so you can determine whether they’ve been achieved. • Linked to rewards that the individual employee values –bear in mind that not everyone is motivated by the same type of reward. It is important that the targets are relevant to the employee...
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... Part B……………………………………………………………………………………...5 a. Situational Analysis……………………………………………………………….5 b. Internal Analysis…………………………………………………………………..5 i. Resources………………………………………………………………….5 ii. Capabilities………………………………………………………………..7 iii. Core Competencies………………………………………………………..8 iv. Competitive Advantage…………………………………………………...9 c. Strengths and Weaknesses……………………………………………………….10 d. Internal Opportunities……………………………………………………………11 3. Part C…………………………………………………………………………………….11 a. Situational Analysis with regard to Information and Communication Technology………………………………………………………………………11 4. Conclusion……………………………………………………………………………….12 References………………………………………………………………………………………..14 Executive Summary This is a marketing strategic report, which is divided into three parts. Part A describes about the mission, current value strategies and the market definition of the Commonwealth Bank. This bank is the second largest bank in Australia which is providing financial services. The study identifies numerous strategic variables which significantly influence the performance and the profitability of the bank. Part B, describes the vital strategic variables that form the part of internal analysis like: Resources, Capabilities, Core competencies and Competitive...
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...the following questions: 1) What is a resource? People, equipment & materials necessary to complete a task 2) Why aren't resources assigned to summary tasks? Summary tasks are simply a grouping for a set of related tasks. The indiv tasks require resources but the summary task is just a compilation of those resources. 3) What is the difference between Start, Prorated and End in association with costs? Start – cost applied at the beginning of the task Prorated – cost applied as work is completed End – cost applied when the task is completed 4) Give a real-world example of the difference between a fixed cost and a cost per use? Give a real-world example of the difference between a fixed cost and a cost per use? Fixed Cost: (buy equipment) company bids $500 to clean carpet, cost of airline ticket… Cost Per Use: (rent equipment) Hourly rate on moving van, rental of shampoo machine, landing fee each time plane lands… 5) Why is a fixed cost entered with the task and not the resource? Because the cost is the same no matter how many people, hours, materials used. Not dependent upon the amount of time or number of resources it takes to complete. 6) Why is the resource cost for the Wiring Contractor $0.00? Because the installation of the wiring is a fixed contractual price of $4000 – it will not matter how many hours the contractor takes – still the same price. 7) Which resource is Overallocated and why? Systems Administrator...
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...already examined their external environment and will now look inwards towards their internal environment. This involves looking at their resources, their capabilities, and then their core competencies. Resources An organization’s resources can be divided into two types, tangible and intangible. Tangible resources are those that can be seen, and touched, and measured. These include financial resources, physical resources, and technological resources. Intangible resources are those that are not touchable and not easily quantified. They are comprised of human resources, knowledge capital, organizational structure and brand or reputational resources. NITL’s tangible resources begin with their financial resources. While this resource was previously a strength of the organization, it has become a weakness and the main reason why they are reaching out for help. During the recession of 2008-09 the league lost a good deal of its membership and many have not renewed now that the economy has made a turn for the better. As far as physical resources, the league is run out of an office in Washington, D.C.. The proximity of the office to Capitol Hill makes it more convenient and cheaper for the CEO to work with legislators and lobbyists. The office equipment seems to be sufficient for the type of work that the organization does. One of the technological resources that the firm possesses is their website. This may be seen as a weakness as the site is fairly pedestrian...
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...applying at some colleges and I just thot I would tell u all about the resources at my skool. The best part prob is the fact that I can do my school work at my leisure this wud b gr8 4 U bc u hav kids. When I applied they wer so kewl and ez to deal with unlik the crap your dealin w/ @ the community colleg. They took care of everyth w/ ease. Now that Im in skool and learnin I thot id share all the thing I think make UOP ezer to graduate. For starters the library is filled with unlim resourc’s that make research a piece of cake. Since ur horrbl in math, Phoenix maks it ezer to undrstnd, evryth is hands on step by step, tutorials to mak sur u dont fail. Community College doesn’t offer that! Plus we can be study buddys. Holla Keathen Part 2: Dear Fellow Classmates; I am writing because I feel we deserve to know the importance of all the resources we have at the University of Phoenix. There are so many, we should capitalize on them and make our school life easier, with a much more enjoyable graduation experience. Every page you click on, there are resources- if you look carefully. Sometimes we can become overwhelmed with all the links to click we get lost and don’t know where to look. Tutorials can make the difference between knowing where to look and for what. Every Resource could not be described within 150 words, and all the resources couldn’t be described even if everyone in the classroom chose a resource. So with this in mind, we should all be investigating every option...
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...Week Eight Checkpoint Energy Resource Challenges SCI/275 Cindy Walker Conserving energy is a key factor in the improvement of the planet in which we live. I practice conserving energy by doing little things such as turning lights off when I leave the room and turning the heat or the air conditioner down a little lower than I normally would. I believe if everyone in the world would take these little steps we can make a momentous impact on the environment. Natural gas and oil are the most common natural resources used to run our homes efficiently. Consequently, these natural resources can and will run out in the future if we do not begin to conserve today. I have challenged myself to reduce the size of the ecological footprint which I put on the earth. I am proud to say that I am a recovering shopaholic. You see, I am a mother of three little girls and love for them to look their best at all times. So, I would go out and buy them new clothes for just about every occasion. During this time I thought I was being resourceful by purchasing cheap trendy clothes for them to wear instead of the more expensive higher quality clothing. However, after completing an environmental science course, I realized I wasn’t being resourceful; instead I was being quite wasteful. I realized that buying a large amount of cheap trendy clothes was costing me more money and creating more trash than buying higher quality clothing. I noticed that the cheap clothes could only be worn a couple...
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...Wikipedia Workforce Planning Definitions[edit] Workforce Planning is the business process for ensuring that an organization has suitable access to talent (potential candidates that have the ability to undertake required activities including decisions making) to ensure future business success. Access to talent includes considering all potential resources (employment, contracting out, partnerships, changing business activities to modify the types of talent required, etc.). The cycle of workforce planning includes filling resource requests, analyzing resource utilization, forecasting capacity, managing and identifying the resources (human) to fill that capacity, and then restarting the cycle.[2] Strategic Workforce Planning is the framework applied for Workforce Planning and Workforce Development, where the links between corporate and strategic objectives and their associated workforce implications are demonstrated. Strategic Workforce Planning takes into account the projected loss of knowledge through employee exits and the projected knowledge requirements for sustaining and progressing the business. Knowledge requirements may include technology, new skills, new roles, documentation of key workforce intelligence or new business demands. Operational Workforce Planning is initially processed based and focused on building understanding and capabilities in Workforce Planning, supported by simple tools, templates and techniques. Once established and practiced, these tools, templates...
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...Business Resource P3 With Examples, you are to describe the main physical and technological resources required in the operation of your selected organisation. In this assignment I will describe the main physical and technological resources required in the operation of Tesco. Physical Resources Physical resources are resources that the business needs to maintain in order to carry out its activities. They mainly include things like facilities, buildings, machinery and more. These are resources that are available to a business’s organisations in form of buildings and other machineries needed for the day to day running of the organisation. Tesco have many physical resources such as their toilets, buildings, trolleys, CCTV’s. Toilets is a good resource to have within a good organization as it can attract more customers to not feel rushed into shopping because they need to go toilet they can shop at their own paste and use the toilet when they feel to. Another physical resource for Tesco is the car park so customers can park within Tesco’s car park and not have to worry about receiving a ticket, or checking their time to get back to the car before they get a ticket, this will also attract more customers to shop within Tesco. A recent physical resource that Tesco has brought in is the self-checkouts; this is good for customers that want to quick shop as Tesco can be quite busy on some days they don’t want to wait in the long queues so they can use the self-checkout which is...
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...M1 – How the management of human, physical and technological resources can improve the performance of Tesco Physical Resources Tesco have many physical resources within their organisation including building and facilities, materials and waste, plant and machinery, equipment and maintenance and refurbishment. All of these resources can help improve the performance of Tesco. The management of Tesco’s building and facilities and the location of these can help greatly help Tesco. Tesco need to make sure that they consider the location of their distribution centres and their shops as if these buildings are too far from each other, they can find that it is harder and takes longer for their stock to reach the stores and can decrease the performance of Tesco and the efficiency of the way they run. Tesco are determined to make sure that they are doing what they can for the environment and look at what they are using in waste and materials and see if they can change what they do in order to improve their performance. To help improve their environmental performance, they make sure that they make sure that they recycle all materials that they can and have brought in many different schemes to help them improve their performance, including battery and mobile phone recycling schemes and Together for Trees. The machinery and plants that Tesco use can also help to improve their performance. The plants are where the manufacturing of Tesco products takes place and is a large factor in improving...
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...Why Organizations Must Secure Continual Resources By Kai McLemore Columbia Southern University MBA6001 Abstract If an organization is going to succeed, it must depend upon its resources, core competencies, and capabilities. These just happen to be the foundation of competitive advantage. The organization’s resources are structured towards organizational capabilities. This paper will discuss how an organization must compete for resources along with the concerns and cost of securing these resources. This paper will also cover how resource attainment differs with the organization itself, and not set on one set of standards, to include the organization’s environment. An organization’s success will depend on a variety of things but heavily relies on three main areas of concern; resources, core competencies, and capabilities. These are the base of any organization’s competitive advantage over their adversaries. These capabilities are the baseline of the organization’s core competencies which will ultimately put the organization ahead in the competition (Dess, Lumpkin, & Eisner, 2009). The invention of competitive advantage establishes that most important aspect of competition is ultimately related within the leadership of organizational resources. The word resource covers a wide range of social, organizational, and individual sensations. When an organization relies solely on resources, they are failing themselves. Resources itself does not lead toward an advantage...
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...Unit 20 P6 - Diary Introduction In this assignment I will monitor three physical resources in classrooms which I am in, I will monitor these resources over a three week period. The three resources I have chosen to talk about are: smart boards, lights and air conditioning. I have monitored whether these resources have been working over the last three weeks and I have interpreted this data into three tables. Each tables represents a week at the table is set out so the date can be seen as well as the rooms I have monitored. Working/Not Working |Date |Room |Smart board |Lights |Air Conditioning | |24/11/2014 |WA114 |1 working |10/10 working |Working | |26/11/2014 |WA114 |1 working |10/10 working |Working | |27/11/2014 |WA114 |1 working |10/10 working |Working | |24/11/2014 |WA117 |1 working |16/16 working |Working | |25/11/2014 |WA117 |1 working |16/16 working |Working | |24/11/2014 |WB102 ...
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...What resources does Argos use? 2.1: Describe the main physical and technological resources essential in the operation of a selected organisation by outlining the following: A): Resource used: Physical Resources | Technological Resources | P1. Equipment | T1. Music | P2. Premises | T2. Software licences | P3. Shelves | T3. Tills | P4. Forklift | T4. Protection via patents | P5. products | T5. CCTV | P6. Trolleys | T6. Online catalogue | B): How each resource is being maintained / protected? Physical Resources P1. Equipment Equipment is what is used by businesses and organisations to help them get the job done. For example Argos keeps these by using stuff such as shelves and tables to store the items on. Argos keeps their equipment by having insurance on most of the expensive equipment such as Laptops and Computers etc. P2. Premises Argos has have hundreds on stores so they would have Subcontractors to maintain the stores, for instance if there was an emergency the manager would call the shops subcontractor to provide immediate assistance and the subcontractor should be able to attend within a maximum of 1 hour. Also CCTV is a form of security to help subcontractors maintain security and safety as people monitor these cameras P3. Shelves/Tables Argos use Shelves to store All their products in and to organise them behind the till so when a customer order is ready they can pick up their products after...
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...| Unit number and title | BTEC Level 3 90 Credit Diploma in Business | Unit 2: 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 ...
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...Unit 45, Assignment 1 – Resources for Health and Social Care. Explain why resources are presented differently due to the type of media used. During this Report we will be looking at the different types of resources available for new learners in Health and social care. I will be reviewing four different types of resources I have researched. I will also explain why they are presented differently from one another and the different types of ways these resources can be presented by the media. Internet – The internet is easily accessible and used worldwide. It is a global network and you can find a wide range of information on any topic via the internet. You can gain access on to the internet by using a variety of different appliances; some of these include laptops, smart phones and tablets. The internet can be used by any audience. However, it can be extremely good for the younger generation who may be more up to date with technology and may find books boring. The resource (www.theguardian.com, so you want to work in Health and Social Care? by Katie Shimmon, 16/12/2006) was well presented, there were useful links that I could click on to gather more information regarding the subject. This article would be targeted at someone interested in working within the Health and Social care sector or someone who was already employed in the sector. The internet can be presented through the media by televised adverts, radio commercials or bill boards. The internet is presented differently...
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...Introduction P3: Describe the main physical and technological resources required in the operation of a selected organisation This report is going to describe the main physical and technological resources in Tesco plc. Tesco operations in the UK are the largest within the Group, with over 3000 stores and over 310,000 colleagues. Over 65% of Group sales and profits come from the UK business, where they are the market leader. The report describing physical and technological resources in Tesco plc will have different aspects that will be explained and how Tesco plc manages those aspects. Physical resources Description and examples of how these feature in Tesco plc (P3) How management of physical resources can help to improve the performance of the business (M1) Buildings and facilities Tesco plc operations in the UK are the largest within the Group, with over 3000 stores in the uk. Tesco plc has also expanded in different countries such as china with 124, Czech republic with 322, hungry with 213 stores, republic of Ireland with 137 stores, japan with 121 stores, etc. Building and facilities helps resources in a business by having expanding and refurbishment will help improve business appearance, for example Tesco plc said ?We are working ...read more. Middle for example there are insurances such as, customer insurance, employees insurance, vehicles insurance, etc. this suggest that these insurance will cover something?s that happens in Tesco plc?s stores Managing insurances...
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