D1

I am going to be talking about how managing resources and controlling budget costs  can improve a businesses performance and how likely it is to improve a business performance to make the business more efficient so that more money can be earnt.


Human resources will need to recruit people who they think will be suitable for producing these cold drinks. Once they have recruited people they will need to have people who can train them and teach them how to make cold drinks. once they are all trained up they will then need to be assigned departments then those departments where either each department has one specific role or each of the departments are all just going the same thing.


Each department will need to be set a budget so that equipment can be bought in that they need to create these cold drinks. They will need to be supplied with the technological equipment things like fobs so that they can have access to their department and access to their computers. They are going to need computers and maybe even a tablet so that they can move round the factory and do checks and have the facility to access either online help or emails from other staff members with out the need of them twoing and throwing from a computer at a desk. they will also need the physical equipment like labelling machines packagers and the machines that create the cold drinks.


 They will alsoo need someone in each department to be in charge of the financial side of things so that the budget for each department isn't blown on unnecessary things and so that their is always a constant pot of money if need be so if their is something expensive they need the department will have to save. That is where financial resources come in because they are in charge of the funds.


each of the four types of resources would be managed by a department manager in each department but that manager would have to report back to the overall manager of the project. so in each department the manager will be in charge of the financial side of their department and they will also manage staff to make sure that they are doing what they are supposed to, they will also be in charge of the department meeting deadlines. Their will also be head mechanics to overlook the machinery so that everything runs smooth.


Financial resources is most likely to improve the business performance because if money is managed well then it will mean the business will be sitting on a bigger pile of money then just scraping buy and not making much profit. if financially they manage to find cheaper substitutes and better machines that will improve production then they wont be spending as much money and getting more back.


The least likely to improve the business is technological resources because not everything has to be done on an expensive computer or tablet when some things can be wrote down on paper which is cheaper than buying a computer. even if it is managed well their isn't a whole lot to manage because once its all set up it kind of runs itself because it would all be ran off a computer programme.


The resources I the middle are more likely to improve performance (if managed well) because they are the main things that create the actual product because with no equipment they don't have a business because they wont have any products to sell because they cant manufacture them without the machinery. With the technological resources they are important so that everything can be managed and they kind of work hand in hand with physical resources because most of the equipment will probably have a technological aspect to use them. If they are both managed well then everything can run smooth so their arnt any malfunctions.


I have found out that by managing resources everything can run smooth because the manager is making sure everyone and every bit of equipment are working correctly and no un necessary costs are being made meaning that the business is loosing out on money as appose to making money. The must do factors are good financial management keeping track of costs and budgets. also good management of human resources making sure staff know what to do and have the appropriate training  theses are important because with out good staff the business wont be as successful and without good financial management things could escalate to the company going bankrupt.