Assignment : Business Administrative

Added on -2020-07-23

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BUSINESSADMINISTRATIVE
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1The impact of three key resource decisions of internal and external of GB Batteriesperformance.................................................................................................................................1Financial viability and recommendation of an organisation.......................................................2Strategies used by the organisation to evaluate tangible and intangible resources and itsefficiency.....................................................................................................................................3The importance of cost in pricing strategies and recommendation for improvements inexisting costing and budgeting systems......................................................................................4TASK 2............................................................................................................................................5Classical and contemporary management and leadership styles on ...........................................5change management....................................................................................................................5–contemporary management system is based on digital resource of study teaching andlearning. It is fully based on face to face study. It means to new, recent, current approaches inthe field of work. Its provide new and innovative ideas to learning and workings is help to setthe goal and processes is focuses on behaviour and interaction of employer. Basically it workson learning. .................................................................................................................................7Internal and External Triggers influencing the organisation and change management strategy7Contribution of human resource management in change management process of organisation......................................................................................................................................................7Stake holder analysis which determine possible resistance to change........................................9Contribution of human resource management in change management process of organisation......................................................................................................................................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONBusiness administration plays a major role in managing business operation. It isimportant for the organisation to maintain the stability of operation by analyzing the influence ofinternal and external factors on organisation. The report will evaluate the key resource decisionof GB batteries which are influenced by internal and external factors of enterprise. The companyis focused on innovating rechargeable battery and is offering its services across the globe. Thereport will outline the financial viability and recommendation over its financial performance.Further, it will evaluate the role of Human resource management in managing changes. Thus, thereport will identify the efficiency and risk which occurs due to inadequacy of resources with anorganisation. TASK 1The impact of three key resource decisions of internal and external of GB Batteries performance.Internal analysis of the company is based on value creation which is based internal andexternal factors which impact the resource decisions are as follows:Opportunities: Growing economy and new markets impacts the decision-making processof an organisation the demand of products fluctuates from market to market. Moreover, the neweconomy and its pricing strategy impacts the internal cost effectiveness of resources. Further theglobal market demand fluctuates with the changing trends of power which influence theconsumer demand for batteries which ultimate impact the resource decisions which sometimesleads to scarcity and sometimes wastage.Technology: The decision regarding resources is greatly influenced by advancement intechnology as it assist the organization in making optimum utilization of resources. However,sometimes with every new up gradation the company will have to make changes in its existingresources which leads wastage of old and existing sources and decrease the cost efficiency ofresources (Simon, 2013)On the other hand, with every advancement the management has torecruit skilled employees according to changes and even the focus on process shifts to providingtraining to employees in order to make them aware about its usage (Arendsen and et.al., 2014)Environmental: The increasing awareness about the use of environment friendlyresources, and process has impacted the process and cost efficient of GB batteries because of thischange the firm has changed its entire course of resource in order to make environmentallyproducts. Further, protecting environment is based on low energy consumption, reuse, reduce1
and recycle. The Environment is external factor of an organization which complete fluctuated theinternal resource decision making process of a business. Effectiveness and the risks which occur frominadequacy of resourcesEffectiveness in inadequacy of resources assist the management in making optimumutilization of resourcesIt assists the organisation in recruiting effective and competent personnel in order toincrease efficiency and effectiveness of functions (Ichikohji and Katsumata, 2014)It assists the business in maintaining and delivering quality of services. Inadequacy of resources is the best strategy which make easy access to company’sservices. It assists in proper monitoring and controllingRisk occurs due to inadequacy of resources are as follows:The major risk is reduction in efficiency of cost maximzation. Delay in business operations Inappropriate management functionsIncreasing chance of threats and uncertainties.Financial viability and recommendation of an organisation.It can be seen from results that company revenue is increasing consistently in the business. Itmust be noted that in year 2014 revenue was 695407 and same increased to 719335 in year 2015.Thereafter, value increased to 765254 in 2016 and 759842 in year 2017. It can be said revenue ofthe business firm is increasing consistently. However, revenue is increasing at fast pace expensesare also increasing. It can be observed that growth rate of expenses is higher than revenue. Thismeans that firm management is not efficient and it is not able to control expenses in the business(GP batteries international limited annual report 2016-2017, 2017). Thus, management needs towork on controlling expenses in the business at rapid rate. Thus, on this front firm is not viable innature. Fact are revealing that asset is increasing consistently in the firm business as its valuewas 615667 in year 2014 and same increased to 668988 in the year 2017. In proportion to assetsliability is also increasing consistently in the business.2

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