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    Why Are Resources Important To An Organisation?

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    Indraneel Varma
    Resources are important to an organization for several reasons: 1) Resources play a key role in an organization's success and ability to retain valuable employees through policies, compensation, culture and other factors. 2) Control over financial and other resources is an important source of power within an organization and generates dependence among departments. 3) The level of resources an organization requires depends greatly on the scope and quality of services it provides. Resources are thus key to an organization's ability to achieve its goals and ensure its survival.

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    Why Are Resources Important To An Organisation?

    Uploaded by

    Indraneel Varma
    31 views4 pages
    Resources are important to an organization for several reasons: 1) Resources play a key role in an organization's success and ability to retain valuable employees through policies, compensation, culture and other factors. 2) Control over financial and other resources is an important source of power within an organization and generates dependence among departments. 3) The level of resources an organization requires depends greatly on the scope and quality of services it provides. Resources are thus key to an organization's ability to achieve its goals and ensure its survival.

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    Resources are important to an organization for several reasons: 1) Resources play a key role in an organization's success and ability to retain valuable employees through policies, compensation, culture and other factors. 2) Control over financial and other resources is an important source of power within an organization and generates dependence among departments. 3) The level of resources an organization requires depends greatly on the scope and quality of services it provides. Resources are thus key to an organization's ability to achieve its goals and ensure its survival.

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    31 views4 pages

    Why Are Resources Important To An Organisation?

    Uploaded by

    Indraneel Varma
    Resources are important to an organization for several reasons: 1) Resources play a key role in an organization's success and ability to retain valuable employees through policies, compensation, culture and other factors. 2) Control over financial and other resources is an important source of power within an organization and generates dependence among departments. 3) The level of resources an organization requires depends greatly on the scope and quality of services it provides. Resources are thus key to an organization's ability to achieve its goals and ensure its survival.

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    of 4

    WHY ARE RESOURCES IMPORTANT TO AN ORGANISATION?

    Resources-organizations assign huge amount of resources. These resources are


    allocated downward from top managers. Top managers often own stock which
    gives property right over the resource allocation. In most cases top managers
    control the resources and hence determine their distribution. Resources can be used
    as rewards or punishments, which are additional source of power. Resource also
    creates dependence relationship. Lower level participants depend on top managers
    for financial and physical resources needed to perform their tasks. Top managers
    can exchange resources in the form of bonus, personnel, promotions and physical
    facilities for the compliance with the outcomes they desire.

    Resources play an important role in the success of an organization. Organization


    polices, compensation, culture, benefits and employee relation control the
    inspiration level of employees and help in retaining the valuable employees.

    Financing resources-control over resources is important source of power in


    organization. Money can be converted into other kinds of resources that are needed
    by other departments. Money generates dependence, departments that provide
    financial resources have something other departments want.

    Once an organization emerges, analysis of social process within it must consider


    more than just the damage individual has brought to it. The resources, they and
    other organizations can contribute and constraint their actions. Although pain and
    resources are still important, they are now expressed and with an organizational
    context. Resources are the key to success for an organization. The level of
    resources required by an organization depends largely on the range and quality of
    services provided in the organization.
    HOW CAN THE ENVIRONMENT AFFECT AN ORGANISATION’S SURVIVAL?
    The environment can easily affect on the organization and operation of a business.
    Management must give careful attention to all aspects of the environment. Rapid
    changes will occur within the society environment which organizations operate.
    The five principles effect the organization’s survivals are:

    - Employer / employee rights

    - Work and family relations

    - Education/training/retraing

    - Productivity and competitiveness

    - changing demographics

    To update quality and increase productivity, many organizations have begun to


    rethink their approaches to resource management. The failure of management in
    many organizations to expect effectively with changes is one of the principles.
    WHAT IS THE DIFFERENCE BETWEEN ORGANISATION’S INTERNAL AND
    EXTERNAL ENVIRONMENT?

    The internal environment includes issues like, things, situations, or events that
    occur within the organization and are basically under the control of the
    organization, and effect the organization in either a positive or negative way.

    External environments are aspects that your organization can't control, such as
    government, customers, laws, economic shifts, etc. The internal environment can
    be controlled, which can be employees, strategy management, profits, real estate,
    etc.

    WHY IS EACH IMPORTANT?

    The external analysis need not be exhaustive or incredibly time-consuming.


    Rather, it is meant to highlight for the planning team how potential changes in the
    external environment will impact what they do; for whom they do it; and how they
    will recruit, retain, and develop the workforce they need. Once a sound external
    analysis is conducted, it can be reviewed and updated as part of the planning cycle
    to identify any significant changes in the environment.

    The internal analysis should focus on factors such as workforce trends, efficiency
    of HR transactions, organizational structure, organizational
    culture, employee morale, and current levels of performance. Workforce trends
    include items such as retirement risk in key leadership or technical positions, the
    level of succession planning, the age distribution of the workforce, recruitment and
    retention statistics, and the proportion of positions filled by internal candidates.
    Another important trend to monitor is the amount of compensated and
    uncompensated overtime. Doing more with less often means that those who are left
    work more and not smarter. Increases in overtime that are not planned as part of an
    emergency response system or that cannot be directly related to a specific
    unexpected crisis may signal the need for more staff, IT improvements, or business
    process redesign.

    The most important constraint that manager have to plan manage the day-to-day
    basis. Managers should use systematic procedure to make decisions whenever
    possible. When managers have deep rational decision making process it can help
    them make better decisions even when there is a lack of information.

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