MANAGEMENT

Resource Management

Resource Management

Summary

The success and effectiveness of an organisation is dependent on the managers, who are made responsible for managing and controlling the scarce resources that are provided to them to achieve the overall organisational objectives such as profitability, productivity etc. Every organisation has some well established and well defined organisational objectives that are used for accomplishing the organisational mission and ultimately its overall organisational vision. Every organisation produces or provides goods for the society in the form of services or products and if the products or services are of good quality that organisation will be able to attain its organisational objectives in an effective way.

Organisations have various resources such as physical, human and financial and all these are of great importance in fulfilling the established organisational objectives. It is the responsibility of the managers at all levels divisional, departmental or organisational level to keep good track of the resources that are used in production of the final goods that can be service or product. ERP software is effectively used in the organisations for managing the supply and demand of the resources that are used in various departments of the organisation. The manager should be able to diagnose the material used in the production of a product or service and should be able to recognize the costs attached to each product or service. Human resource is of great importance within an organisation as without them an organisation can never be able to accomplish the established organisational objectives (Tallon et.al, 2011, p.463).

If I am managing 6 members or subordinates within an organisation, as a manager I am responsible to keep proper check over the performance of each of the subordinate. I have to provide details to the compensation and benefits department of the organisation for allocation of the appropriate salary and other incentives, therefore I have to keep proper performance appraisal for gauging the actual and expected performance of each of the subordinate.

Task 1

A.C.1.1 - Identify those resources required to format objectives

There are various resources that are used in production of products and services within an organisation, these can be human, financial or physical resources. All these resources are directly related to an organisational structure and behavior such as decision making, hierarchal levels, knowledge, procedures and processes etc. All these resources need to be managed according to the set organisational objectives. The organisational objectives should be in sink or should be well connected to the organisational mission otherwise these objectives will be of no use. The mangers need to be very careful while allocating resources to the subordinates or employees and it should be well recorded so that the results can be achieved in an effective way. There are organisations that are using computer software that are helping them in planning for the budgets and forecasting of the annual needs of the resources.

It is in the hand and control of the managers to keep good check over the employees so that the organisational resources can be ...