Business resources M1 Essays

Business resources M1 Essays Business resources M1 Essay Business resources M1 Essay Asses how managing these resources can improve the performance of your selected organisation. Managing business resource is vital for any business if they are determined to do well. A business has two types of resources and by managing the business resource it can improve the performance of the business in many areas such as profit margins and market share. If Sainsbury use they staff in an appropriate manner and make use of all they skills and abilities then the business can gain high amount of output for instance high level of productivity, motivated and improve team working. The business can give the staff training to broaden the skills and abilities of the staff which will benefit the business has the staff will be multi-skilled and will be able to work in different areas so if there was a staff absent another staff can filled and do the job task required.. There is two kind of training that could be given to the staff one is one the job training and the other is off the job training. This will benefit the business as it will have staff who can do various task and might decide to save money by making some employees redundant. If Sainsbury manages its equipment appropriately use the equipment to it full capacity and strength then the business can gain good level of productivity from the machine. If the business uses it equipment appropriately it will improve the performance of the business for instance if the business use they tills appropriately it will help speed queue time, help them with level of stock and minimise errors for the employees.. Every year the equipment which business uses depreciate in value so the business needs to cover the cost of the equipment by using the equipment properly. If Sainsbury manages its building properly by using to its full capability and ability then the business will manage to decrease costs and by redeeming cost from the use of the building. For instance if the business has empty shelves in the building then the business will not be gaining any money from that space of the building and they are not using the equipment to its strength which means they are not recouping they cost. If Sainsbury manages its security properly then the business has the assurance of they stock and valuable in the business are safe and secure. This can be only done if the security cameras are checked regularly if they are working and if the alarms set on at the right time. If these are not checked then business risks losing they stock and valuables by little mistakes which could have been corrected. If Sainsbury manages it materials correctly then the business will manage to produce loads of goods with those materials and save cost. However if the business doesnt not use its materials appropriately then the business will risk wasting they materials increase in costs. So using the business materials appropriately then it would improve the performance of a business as it will reduce cost by using the materials correctly. If a business uses its safety materials appropriately by cleaning the building on a regular basis then it would attract customers and the customers would appreciate the environment. If Sainsbury manages its vehicles such as vans and trucks correctly then the business will manage to recoup the cost of those vehicles by using the vehicles to its capabilities. If Sainsbury for instance use their vans appropriately for home deliveries then the business might manage to increase sales through online shopping as customers would be content with the service. If Sainsbury for instance use they trucks properly then they will manage to maintain they stock level by having the deliveries on time. This will eventually have an impact in the performance of the business by improving the performance. If Sainsbury manages it products correctly then the business will manage to sell most of its product and gain profits from those products. However if the business doesnt manage its products appropriately then the business will risk wasting those products which will mean the business would have increase costs. So using the products owned by the business appropriately would improve the performance of a business as it will have high sales levels and gain high profit margins from those products.