Explain how the management of human, physical and technological resources can improve the performance of the organisation M1.

Assignment - Resources in Action

Purpose :- The aim of this unit is to develop learner knowledge of the range of human, physical, technological and financial resources required in an organisation, and how the management of these resources can impact on business performance

Scenario
Understanding how resources are managed is one of the keys to assessing how well the organisation is performing. In this unit, you will learn how the employees within their selected organisation are managed and how their performance is monitored. You will also learn about the range of physical and technological resources that their selected organisation utilises and how its resources are managed to maximise the performance of the business.

You will also learn how to make broad judgements on the financial performance of a business by looking at and considering those key items.
You will learn about the main accounting ratios that are used to interpret how well a business is performing and how to apply those ratios to given sets of financial statements. You will also learn how to analyse the results and make detailed judgements on the financial health of the business. Finally, you will learn about the possible limitations of those accounting ratios in providing a totally reliable picture of the financial position of a business.

In order to complete the tasks below, you need to select an appropriate organisation. You need to carry research into the organisation`s resources.

Part 1

In this task, you will focus on the human and non financial resources of your selected organisation. You will need to understand and explain the benefits of managing human resources in the selected organisation.

i) Describe the recruitment documentation used in the organisation P1

ii) Describe the main employability, personal and communication skills required when applying for a specific job roleP2

iii) Describe the main physical and technological resources required in the operation of the organisation P3

iv) Explain how the management of human, physical and technological resources can improve the performance of the organisation M1

v) Assess the importance of employability, and personal skills in the recruitment and retention of staff of organisation M2

Part 2

Managing financial resources is also very important to an organisation`s success.

i) Describe sources of internal and external finance for your selected business P4

ii) Illustrate the use of budgets as a means of exercising financial control of the selected company P6

iii) Analyse the reasons why costs need to be controlled to budget M4

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