...Introduction This essay introduces that Human Resource (HR) is the most important asset of an organization. The essay will share with the reader insights on why the human resources, or mostly referred as employees, are the key to successful organizations. This paper will cover on how employees’ contribution will impact companies’ competitive advantage and help achieve their goals and performances; and how employees play a vital role in productivity and improve processes through their skills, expertise and experiences. This in return contributes to the overall organizational success. Employees as a Competitive Advantage Employees are the heartbeat for companies. According to Armstrong and Baron (2002), a company can leverage on their people and their collective skills, abilities, and experience, coupled with their aptitude to implement the interests of the company, thus producing a competitive advantage for the company against its competitors. Each employee contributes differently to the company across the various departments and functions that they are in. Therefore, it is the employer’s responsibility to recognize the value and the quality of each employee, and to be able to see them as valuable and not a liability to the company they are part of (Goessl 2013). As a result, the company will cultivate its effort to ensure that their employees are valued and retained. Retaining a steady pool of employees will contribute greatly to both short-term benefits and long-term...
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...objective, one goal, it can be profit maximization or it can be about increasing the market share by attracting more customers to one specific company. All of this is only possible if the internal structure of an organization is strongly bonded and the people working are recruited on merit based systems as well as for their skills. Like in an organization there are a lot of departments if we are to talk about the multinational or bigger this purpose a special unit is required which makes sure that they select the best possible employee for the organization and the organization gets the best man for the job. All of this is made possible by a department knows as “human resource management “. Personal management and human resource management are the departments that are used for a similar purpose and they almost work in a similar fashion, but human resource management is used more these days the main reason being that the structure of this department is much more solid as compared to the structure of personal management department. In the later pages we shall examine the differences and the reason that explains that why human resource management took over the personal management department as the time moved on. What is human resource management? Human...
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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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...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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...about empowerment, and these are: a) Empowerment is a process that takes time; b) Every human experience has a contribution to make towards that empowerment; and that c) While individuals and communities are at the end of the day responsible for their own empowerment, external inputs too have value. In this lecture we will be discussing characteristics of an empowered community over time; community’s role in its own development; and also the role of external input, especially that of people’s government, in this empowerment process. 7.2 Objectives By the end of this lecture, you should be able to a) explain the characteristics of an empowered community b) discuss the role of the people in their won empowerment; and c) discuss what should be the role of the government (and donors) in support of the people in their own empowerment. 7.3 Characteristics of an empowered community There are four characteristics that an empowered person or community should display. These characteristics are progressive in their arrangement and hence it should be easy to remember them. The four characteristics are a) the ability to understand one’s reality and to analyze the factors that shape that reality; b) the ability to decide what one wants to be; c) the willingness to act to change the situation for the better; and d) the ability to ensuring sustainability of those efforts. Let us now consider these one by one. As we have said previously, you should not be surprised to discover that you have covered...
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...for Its People……………………………………………...4 ii. Legal Responsibilities……………………………………………………..4 d. Market definition of the firm……………………………………………………...4 2. 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...
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...Physical Resources Physical resources are resources that are available to a business organization in the form of buildings and other tangible machineries needed for day-to-day operation. Tesco has many physical resources it uses daily. One of the main physical resources is the building itself. The building is required for success of the business for obvious reasons. It is needed so the customers can actually access and buy from the business. Without the main building, the business would be a disaster as it will not be suitable for shoppers especially in cold or rainy weather which is the normal weather in England. Another physical resource Tesco has is the shelves which display the product for customers to buy. It is necessary for Tesco to have their products displayed neatly and tidy for customers to be able access the product easily. Without anything for the products to be held in a high position, the products will be scattered everywhere on the floor making shopping and sorting out the products difficult. Technological Resources Technological resources are resources that are usually intangible such as software, music or text. They too are owned by the business and have to be managed. One of the main technological resources that Tesco has is the software they use at the tills. This software will calculate all the sales made and how much is made. By having this technology, time is saved as there wont be people counting the money themselves where there will be more chance...
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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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...behalf of this particular client; it is paramount that you do not give anything less than your very best when working for them because in some cases, you are the only voice they have that anyone else really acknowledges or hears. In reviewing various populations in the behavioral health area of the Dorland Health Case Management Resource Guide, I was most drawn to two separate and respective populations; one being individuals who experience and are living with mental health issues and the second being those individuals suffering from substance abuse issues. After giving the two some careful thought and consideration, I selected the special population of substance abuse. The population of substance abuse was selected because it was the one that I had the most interest in and also because I have more knowledge and experience as it pertains to this topic than I do with mental health issues. I have had first and second hand experience in dealing with this problem and I know how it affects those around the individual who is abusing the substance, whether it be alcohol or one or more of a various amount of drugs. I’ve known my fair share of people, both friends and family members who have suffered too long with this issue either from the inability to afford help or from...
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...Managing physical and technological resources. The sixth form at Clacton Coastal Academy, it requires Physical and Technological resources. Both of them are managed effectively and need to be managed carefully. A physical resource includes the building, maintenance and security. Technological resources include the physical equipment and the design. Physical Resources. Physical resources are the resources that the business needs to maintain in order to carry out all the activities. These include the things like the building, facilities, plant and machinery. Management of physical resources involves planning the maintenance and refurbishment and includes organising the insurance and the security to keep the resource’s safe. Building and Facilities. Any business or any building will need to have premises from where they can operate. This could range from a person’s home; when business first start operating, to tower block offices all over the world. In business, a building is a very important part of the image. In the sixth form at Clacton Coastal Academy, they have a wide range of facilities. They have the main building. The main building is the main image of the school. In the main building you have all different facilities, you have science labs, canteen. The canteen is a very important part of the school. Everyone buys their food and drink from there. The school has the library; the library is also a public library. Another public use of the school is the field...
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...Introduction: In this assessment I am going to describe the main physical, technological and human resources in the operation of JD Sports and I am going to explain how management of physical, technological and human resources can improve the performance of JD Sports. The main physical resources that I am going to describe are: Buildings:Buildings need to be suitable to the needs of JD Sports. This is because it involves considering the general layout where the customers will go as well as storage rooms. The buildings need to be kept clean in order to be is good condition for the business use. Facilities:Suitable facilities need to be available to the employees and to the customers of JD Sports. These involve rooms such as changing rooms where the customers can go and try the products on to see if the product fits them or not, toilets and kitchen for the staff to use when they are at work. These areas should be checked out for cleanliness and health and safety reasons. Materials:The stock level of materials need to be checked so that the goods are recorded when the levels decreases. As new supplies come in stock these must be checked for quality before being used it productions or put on displays for the customers to buy. Waste:All organisations have some amount of waste. In manufacturing this may involve waste or unwanted raw materials. This may also involve chemicals or waste products that can affect the environment. Organisations can reuse the waste if it’s possible...
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...ingeniously when it comes to resources. What does this mean and why is it so important? (Question #1) Entrepreneurial use resources that includes the management team, the board of directors, consultants, financial resources, assets such as the plant and lastly the business plan. According to Howard H. Stevenson, entrepreneurs strive for using the least amount of all types of resources as possible, rather than own the resources they need. This is done to reduce risk that would include staged capital commitments, less capital, more flexibility, low sunk cost and lower costs. • Describe at least two creative bootstrapping resources. (Question #2) Ventures find the use of other people’s resources to accomplish a little more with a little less in order to pursue the opportunity of becoming successful. Having the use of the resources and being able to regulate or influence the placement of the resource is important. These resources include a number of things, such as money invested or borrowed. Other resources include, people, equipment, office location, or any other items that may be given at a low cost or maybe free by customers or suppliers. Other creative bootstrapping resource includes using outside people resources. Hiring professional expertise on a project basis and lease rather than own is a creative bootstrapping resource that is used to minimize the resources owned. • Why will the Internet become an increasingly important gateway to controlling resources? (Question #3) The...
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...This research essay is to discuss the theoretical concepts of Resources and Capabilities of Coca-Cola Company. The purpose of this essay is to analyse how Coca-Cola generates sustainable competitive advantage by drawing on the resources and capabilities literature. The discussion of the theoretical concepts will be focusing on resource-based view, tangible and intangible resources, and strategic capabilities. Overview of Coca-Cola Company The Coca-Cola Company, founded in year 1886, is the world’s largest beverage company. It is a manufacturer and distributor of nonalcoholic beverage brands, concentrates and syrups. The company own or license and market more than 500 nonalcoholic beverage brands and also a variety of still beverages such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks. Its own and market four of the world’s top five nonalcoholic sparkling beverage brands: Coca-Cola, Diet Coke, Fanta and Sprite. The finished beverage products are now sold in more than 200 countries. The company headquarter is in Atlanta, Georgia and have 146,200 workforce globally as of December 2011. The company’s revenue was $46,542 million in the financial year ended December 2011. (Coca-Cola Company, 2011) Theoretical concepts The theoretical concept for Resources and Capabilities is based on the resource-based view. Resource-based view is a way of viewing a company, primarily application of the bundle...
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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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...Chapter 1: Strategic Management Strategy * An integrated and coordinated set of commitments and actions designed to exploit core competencies and gain competitive advantages I/O Model Resource * Inputs into a firm’s production process, such as capital equipment, skills of individual employees, patents, finances, and talented managers Capability * The capacity for a set of resources to perform a task or an activity in an integrated manner Core competency * Capabilities that serve as a source of competitive advantage for a firm over its rivals Vision * Picture of what a firm wants to be and, in board terms, what it wants to ultimately achieve Mission * Specifies the business in which a firm intends to compete and the customers it intends to serve Resource-Base Model Chapter 2: External Environment General environment * Composed of dimensions in the broader society that influence a market and a firm within it. It is grouped into 7 environmental segment: * Demographic * Population size * Age structure * Geographic distribution * Ethic mix * Income distribution * Gender * Economic * Government healthcare spending * People healthcare spending * Political/legal * Healthcare regulation * Obama care * Sociocultural * General attitude toward cancer * Hispanic population attitude toward...
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