Resource Management Strategies for Enhanced Efficiency at Franco Manca

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Resource Management
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Table of Contents
Introduction............................................................................................................................3
Resource Plan of Franco Manca Company...............................................................................4
Development of human resource functions.........................................................................4
Resources required to achieve an organisation's aims and achievement............................6
Use of resources against organizational plans......................................................................8
Formulation of plans to ensure that resources are maximized and remedial actions are
taken where appropriate....................................................................................................12
Conclusion:........................................................................................................................... 15
References............................................................................................................................. 16
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Introduction
Resources are productive and economic factors required accomplishing the desired goals set
up by the company. A business resource is anything that is used to maintain, establish and
manage company operations. These resources may be tangible or intangible. Tangible
resources include land, vehicles, equipment, etc. and intangible resources include copyright,
trademarks, and goodwill. A realistic business plan is required to launch a new company and
for the drafting of this plan, proper business resources are a must. To lead a business with
success, the most crucial step is to identify which resources are available and what is the most
innovative way to bring these resources to implementation. It is also important to analyse
which equipment and assets are required to lead the business towards the path of success.
Along with this, the company should have expertise in knowing everything about the
available resource so that the best and optimum use of these resources can be achieved. In
this report, the resource plan of Franco Manca Company will be prepared so that they can
attain the desired aims and objectives.
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Resource Plan of Franco Manca Company
Development of human resource functions
Human resource management plays an important role in framing and implementing the
appraisal. The Hr head is the mediator between the functional heads and employees of an
organisation. He is responsible and is answerable to ensure a smooth implementation of the
process. An HR is the epitome of an organization as he is the only concerned person who is
entitled to maintain the decorum of the organisation. Human resource appraisal is about
examining and understanding the potential of the employee so that he or she could work to
the fullest efficiency. It involves the selection of the potential employee with the required
established criteria. The father of management Henri Fayol is also of the opinion that the
Stability of tenure of personnel is the most important task in any organization and that could
be done only by maintaining happy and motivated human resource (Wright, et. al., 2017).
The most important role of the hr is to design the entire appraisal process, making sure the
process is efficient and effective. The team needs to rectify that the role provided to each
employee is being done in an appropriate manner. The criteria of the appraisals should be
crystal clear and transparent that provides proper training and facilitation to the employees
for the same in order to take the entire process of appraisal gracefully. These appraisals
should motivate the employees so that they stay motivated and focused on their
responsibilities. Performance appraisal is not just a way to enhance the employee's salary but
to provide feedback to employees and guide them accordingly.
The main role of HR in an organization is staff hiring. Hiring managers have to ensure that
there should be no discrimination based on caste, creed, religion, and sex. The recruitment of
the correct talent which is worth the time as well as the monetary expenses of the
organization is the sole responsibility of the human resource managers and framing the
networking within the firm from lower to the upper management lies in the hands of the hr
managers (Armstrong and Taylor, 2014). Their impartial job is also to motivate and grow the
talent of the employees initially and giving their careers a huge height and measuring their
strengths and weaknesses. The human resource department grasps many other important
functions of the organization, i.e. keeping a record of the employee’s documents, joining
formalities, grievances handling, and maintaining a healthy environment. They keep a check
on infringement happening within the organization as it's their whole sole responsibility and
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acceptability of every particular individual within their organization. The formation of
different channels and maintaining the hierarchy within different levels of the firm without
surpassing the levels of management is done to bring out most of the available resources. The
job of HR is also to strategize the ideas of the lower level and to convey it to the front row
managers so that it can be implemented proficiently. It's the role of the hr managers to
remunerate the employee according to their skills, talent, and knowledge and also to fulfill
their professional requirements without a fail (Karikari, et. al., 2015).
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Resources required to achieve an organisation's aims and achievement
Proper management and controlling of the resources are to be done as there is a need to gain
the perspective of every individual taste and preferences. In the present time, a lot of new
organizations are planning to introduce food ventures with great innovative ideas as there is
lots of competitiveness. The management requires a great amount of planning and
effectiveness so that the firm might reach to the greater height in the future as well as can
beat the contender. Different selling prepositions can be used such as:
1. Collaboration with different brands and organization can lead Franco Manca to huge
profits in monitory terms as well as in kind. As it increases the value of the organization, also
the resources of the enterprise get multiplied due to the expansion of the firm and the
exchange of technology happening within the organization (Pournader, et. al., 2015).
2. By devoting some time in studying the market and doing a proper analysis of the prices
desired results can be achieved. The proper and deliberate approach can help in attaining the
desired outcomes. The channel of the market must be kept in mind before framing any further
pricing in the organization.
3. Client satisfaction must be an integral part of the organization as once the client went won't
be looking back at us. The client must not be given the opportunity to give further grievances
as it may lead to criticism of the firm. The statement of dissatisfaction can lead to the
destruction of the image of the firm.
4. Reviewing the past initiations and strategies can assist the management in upgrading
future plans. By understanding the talent of every employee and encouraging them to get
more effective ideas firm can grow and expand in different variations (Guest, 2017).
5. Digitalization of the business is must in the upcoming era of technology as it takes the
business across the geographical boundaries which allow the business to grow within the
country as well as globally. Prominent marketing strategies and ambidextrous ideas should be
put in with getter innovation with a proper graphical representation of the organizations
which can create visibility in the minds of the customers as they can even approach the
organization through various online platforms.
6. There's a need for implementation of discipline and code of conduct where the company
can grow and flourish in the presence of positivity. There must be a proper use of resources in
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the organization rather than the exploitation of the resources. There must be a channel of
expertise which keeps a prominent check at bases being made with high quality and enhanced
taste so that the customer can make a difference in the quality being provided to them
(Pournader, et. al., 2015). Much needed experiments need to be carried out so that the
organization gains an implacable image in the eyes of the customer where they can expect the
taste of their respective choices, Proper feedbacks have to be taken and should be
implemented as quickly as possible.
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Use of resources against organizational plans
Organizational resources are those resources which are used by corporations in their
production process. These resources are fixed assets and they are used as per their
availability. The growing success of any corporations depends a lot on what resources are
available with the company and to use these resources to its best.
The very first step to accomplish in the company is to formulate an appropriate business plan
and gauge the proper use of resources in hand. In short, resource management is one of the
most important and initial steps to be taken while drafting a business plan (Hameed, et. al.,
2017).
Another aspect of resource management is the use of technology in appropriation. The
business project should be automated in order to avoid mistakes and save manpower. But the
use of technology must be done cautiously by the company in order to avoid unnecessary
glitches.
There are mainly three basic categories of organizational resources as human resources,
tangible resources and financial resources (Guest, 2017).
Human resources:
These are resources being provided by natural persons. These include skill, experience,
knowledge, and capacity. The company cannot completely depend upon the technology for
its functioning and the use of expert knowledge is required in every field. The knowledge of
experts and their working experience will contribute to growing the business to its peak. This
expert knowledge is used by the company to accomplish all its goals and objectives for which
it is incorporated.
Tangible resources:
These resources are those resources of a company which are purchased by the investment of
capital. It includes vehicles, property whether movable or immovable, technical equipment,
etc. The use of these resources must also be planned as these are expensive investments and
any omission for its security may prove in financial loss to the company (Burke, et. al., 2013)
Financial resources:
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Financial resources are structured as cash deposits, securities, cheques, etc. Financial
resources are defined from the economic perspective of the company which also includes
money, gold, shares, promissory notes, debentures, etc.
These organizational resources should be properly managed in due time to acquire best out of
them and their effective use depends upon the planning and drafting business plans with due
care (Hameed, et. al., 2017).
The upcoming challenging world has put corporations in immense pressure to discover new
and innovative ideas to deliver technologically advanced products and services with a handful
of budgets. So, the company is required to make proper management of available
organizational resources with this shrinking budget.
Sometimes the company is also in a position to manipulate the resource and then make use of
it as required. But the company at this stage is careful while manipulating as this process is
risk-prone and may cause damage.
To maintain a proper plan of how and when the resources shall be used and their availability
at the time of their need is of immense importance (Javed, et. al., 2017).
There are various ways in which an organization can save and manage resources effectively.
Some of them are enumerated below:
 Planning: The Company tries to opt for the best business plan as a well beginning
reduces half of the work. The company plans out efficient strategies to consume time
on routine administrative functions and focus on the main objectives.
 Use of tools: the automation of software has contributed tremendously to the
production process. Many tasks of daily administration require less time now and the
company can get benefits of time-saving techniques (Burke, et. al., 2013).
 Monitoring: These days the corporations can manage the work of a thousand of
employees by monitoring their work and guiding them towards the correct path and
opt for correct means. In a world driven by technology, delay in work can cause
inconvenience and cost a company to bear losses.
 Analysis: The automated process is an aid in freeing up valuable time and so the
employers first analyse the raw data and then pass it for further projection. They
analyse what and how the resources shall be used for appropriate productivity and
profitability (Guest, 2017)
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Importance of resource management:
Resource management is one of the most significant processes to bring into effect for the
company. It requires adequate knowledge of the company's demands and the availability of
resources. Some of the key points of its importance are as follows:
Provides Transparency: The process of resource management is a transparent process as
every human being is able to view what is planned for them and how they will work to
implement such planning. The company by this maintains employee’s engagement in his
work and encourage them to work and implement the company's business strategy (Burke, et.
al., 2013).
Provides overview: An organisation like Franco Manca is having various ongoing projects
and different resources with different tasks and this process of resource management support
to give an overview of the company
Proper utilization: The process of resource management helps in proper utilization of
resources and makes a plan of what will be used and where to use. The company is focusing
on consuming resources to its fullest so that future goals can also be achieved with ease
(Hameed, et. al., 2017).
The company also takes care that over-allocation of resources should be avoided. If any
resource is over-allocated it becomes impossible to complete the assigned task in the
scheduled time.
Further, over dependency on a particular resource is also avoided by the company so as to not
burden anyone particularly.
The company also uses resource optimization techniques like resource leveling and resource
smoothing (Javed, et. al., 2017).
Resource leveling: The process of resource leveling opts when resources are limited and
schedule can be extended. Here sharing of the resource may also be done between projects as
there is no time limit.
Resource smoothing: And resource smoothing is used when the company has to optimise the
available resource but it cannot extend time. Here the available resource is used to achieve
the object to its fullest as there is a time bar which cannot be extended.
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Thus, proper resource management for the best and efficient work of the company is required
so that the resources are not over utilized and the company has back up for future purposes.
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Formulation of plans to ensure that resources are maximized and remedial actions is
taken where appropriate.
The resource management of an organization includes the management of the whole
resources needed for the organization. The resources can be like financial resources, technical
resources, inventory resources and so on (Mishra, et. al., 2012). This necessary to make a
plan to ensure the efficiency of resource management as resource management is the base of
the organization. The resource management is the process which helps to build and evaluate
the hierarchy of the organizational structure.
Steps to ensure the maximization of resource management:
 Start tracking time and estimating the level of effort
This is necessary to understand the abilities and strength of the employees for organizations
as the employees is the base of working. To understand the overall work strength of company
this is necessary to understand the ability of individuals. The estimated time consumption for
any task can help to understand the need for efforts require doing for the future.
 Identify bottleneck resources
Bottleneck refers to the services or employees which works for short but demands in huge.
The employees who deal with the backend or data analyst can come under this. This is
necessary for the growth that everyone has the equity and the same resources to work. So to
have a stable and balanced work environment this is concerned to take care of their work role
(Manvi and Shyam, 2014).
 Calculate availability for an organizational work culture
To determine the resources for the organization this is necessary to understand the needs of
the employees and company. The resources can be calculated via employment abilities
(Jackson, et. al., 2014). It can be utilized by calculating the working hours and capabilities of
employees. The vacations and other leaves also can be calculated to understand the future.
 Institute thresholds for bottleneck resources and project teams
After all observation, it will be easy to understand what kinds of resources are needed for the
organization. As per the requirement of the organization, it is necessary to maintain the
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