Resource Management in Different Businesses

Resource Management

INTRODUCTION
Resource management plays most crucial role in the organization as it is required for
conducting all the major operations and in turn supports in performing better. Further, resource
requirement depends on the nature of business and every company focuses on efficient
utilization of resources for enhancing market performance (Resource Management, 2016). Apart
from this, physical along with human are the key resources which are mainly required in order to
carry out business operations and by utilizing them in appropriate manner it become easy for
organization to accomplish desired objectives. Apart from this, cost of employing advanced
technology is quite high and sometime its failure has unfavorable impact on the business in the
market. Moreover, various crucial elements are present which businesses operating in different
sectors are required to consider at the time of managing resources such as its cost etc. For
conducting the present study three different businesses have been chosen where one operates in
agriculture sector, another one is engineering and last one is call centre. Various tasks have been
covered in the study which involves effective use of human and physical resources, need of
human resource planning etc. It also covers the the different objectives of the human resources
planning such as cope up with changes, labour turnover, plans for expansions and assessing the
future requirement which is helpful for the organisation.
TASK 1
1.1 Different resource requirement of three profiled businesses
For conducting overall operations in effective manner it is necessary for different
businesses to identify the resource required. For resource requirement depends on the nature of
business activities and assists in accomplishing desired objectives (Werner and DeSimone,
2011). In case of agriculture business resources required are human and physical which involves
machines. Stems as family owned basis operates on small basis but business requires human
resources such as four permanent family members are the main employees of the business who
carry out different activities. Physical is another resource where different machines and tools are
required for conducting agriculture business (Catano, 2013). This business requires primary
resources for mining and which is must be the main resource for this type of business and it is
helpful in growing their business in a positive aspects. In case of engineering business also major
resources required are human and technological. Main employees of the company are two friends
and business partners. Apart from this, advanced machines are used for conducting

manufacturing process. It also includes the manufacturing the electronic products with the help
of different resources which is useful for the enhancement of the business and it creates a
enhancement of this industry. At last in case of call centre also human along with technological
tools are main resources which are necessarily required in order to carry out major operations. In
short, resource requirement of the three different businesses are same but the level of technology
they are using differs from each other and it directly depends on the nature of activities being
carried out by companies in the market (Lane and Kangulec, 2010). It also covers the finance
form other businesses which is important for survive in this type of industry so that the use of
resources in proper manner is essential for the business. Further, all the three businesses requires
material according to their preference of type of business which is important for the growth and
development of the organisation(Armstrong and Taylor, 2014). The family business generally
uses the seasonal workers and they consider the facilities of the transport at a particular time so
that they can achieve their goals on time .
1.2 Key requirement to be considered while managing resources
Management of resources depends on the nature of business and the kind of activities
being carried out. Further, in case of businesses operating in agriculture, engineering and call
centre sector requirement are different which is considered while resource management.
Requirement of agriculture business depends on the type of crops which and the scale at which
business is operating. In case if business is operating on wider scale then more human resource is
required along with technological tools (CHUANG and Liao, 2010). Further, proper
management of these resources can directly save cost which is beneficial for the business in
every possible manner. Apart from this, in case of engineering business the amount of
manufacturing carried out supports in identifying the major resources required. Organization has
to consider the cost of raw materials while managing the key resources and they are all crucial
for the enterprise. It also includes the health and safety of employees at workplace which is to be
considered by the management of the organisation. Further, the business must follows laws and
legislation so that it does not create any problem at the time of issues. Moreover, in case of call
centre the key requirement to be considered while managing resources is linked with the number
of customers which needs to be served by business on daily basis (Bamberger, Biron and
Meshoulam, 2014). In case demand for customers is increasing then business has to hire more
employees and through this overall efficiency of the organization can be enhanced easily.