August 23-27
Hello again! For this first post you can answer one or both questions regarding the topic we have seen so far.
Remember that it is important for you to review the content and research in order to gain a better understanding:
A) How can an organization fail in the usage of their resources? How can a company overcome this problem?
B) Provide examples of how enterprises care and work with the resources of a company? How can you manage better the resources?
Remember to check the requirements and deadline in our weekly sway:
https://sway.office.com/5YHoOv1hH0YzIgMv?ref=Link
Businesses forum 1
ResponderBorrarGONZÁLEZ CHARBEL
The cost of poor management in a business project could be really bad, it can cause the bankrupt of the CEO or owner. Checking resources is essential for carrying out initiatives correctly. Companies who fail to administrate their resources end up paying in several consequences . No coordination with each member of the team of the project affects in several times the purpose of the initiative. The first step to overcome this kind of problems which are usual in the world of business is to detect the problem, analyze your procedures, services, your quality of product, or whatever you offer to the people. After you detect the main problem of the situation you should reorganize or fix the cause, for example: if a worker is selling your product by his own making you to loose money, you should fire him or start a legal process on him. An example of taking care of the products or resources of a company is Apple, in 2020 after George Floyd´s death, BLM activists started looting different stores, all of them lost the stolen products, but apple activated a security system which consists on locking out the devices and making them useless. We can manage better our resources by providing a warranty that will insure any mischance.
https://www.planview.com/resources/guide/resource-management-software/cost-poor-resource-management/
https://www.thebalancesmb.com/how-to-overcome-small-business-failure-4142683
Business forum 1
BorrarAlejandro Vidal 3B
An organization would be failing to use their resources when they make business decision before looking at what they already have and what it can bring to the table. You need to have a clear idea on the product or service that you have to offer, and you have to know what you already have and how you can use it to get the best response. I think what a company can and should do to avoid wasting or failing to use their resources properly is simply to know exactly what they have, this way they won’t go out of their way to try something different just because you didn’t really knew just how much you have in your own company. A businessman or entrepreneur should always be looking into their own resources first before trying and look for different options.
Link: https://www.planview.com/resources/guide/resource-management-software/cost-poor-resource-management/
Link: https://m.zonaeconomica.com/recursos
Alexa Villarreal Hernandez 3B
ResponderBorrarForum 1.
First of all, let’s talk about business, this is when any organization, small or big sells its services to somebody else, it may be a tangible product or a product that can’t be touched.
For your company to be a successful one it needs a lot of resources; the physical resources are important because it was to sell your projects, if you don’t organize your clients, you don’t know what they want, need or expect. Is very important to make a product that your costumers need, something they would like to spend money on. Then it’s the intellectual property, do you know your costumer’s database? where are you sending projects, are they seeing what they want to see? Do they need the product you are selling them, are they spending money for that product? We also have the human resources, these is the people who are directly selling things, imagine you call to a business to solve you a problem, and they treat you wrong, well you are never calling there again, and you will not be buying their products this is why human resources are really important in that aspect, and for these is very important to have managers and employees. And last of all the financial resources, this one may be the most important one, if you don’t have money you would be able to make a business or pay the dealt of these business, to solve these issue you need to make plans, long or short term plans, make sure the price you are selling the product lets you earn profit, are your workers being paid enough? These are key questions you need to ask yourself before making your financial plan.
An example of a big company is Nike, this company sells what people want, they give the image of important thinks that have happed recently, for example in the pride month, Nike put out a hole line of pride clothing and shoes, this is one of the many reasons this company is one of the best in the world.
https://www.nike.com/mx/?cp=82486655958_search_%7cnike%7c11751570869%7c112828060934%7ce%7cc%7cES%7cpure%7c485443770143&gclid=Cj0KCQjwsZKJBhC0ARIsAJ96n3USLBGUMLoE2yxUV_YKnQBdBaYxQlppUzaITV-o2fhPETHheQ5d7zgaAqAeEALw_wcB&gclsrc=aw.ds
ResponderBorrarhttps://www.planview.com/resources/guide/resource-management-software/cost-poor-resource-management/
Links: Alexa Villarreal
FLORES ELINA
ResponderBorrarHow can an organization fail in the usage of their resources? How can a company overcome this problem?
When you own a business you need to determine the product or service you are offering and how you will manage to deliver it. For this you must describe the key activities that shall be done to elaborate the final product or service; another important aspect to consider is what you need in order to accomplish those key activities, these are resources. There are 4 types: physical, intellectual, financial and human resources. It is important to learn about them and how to properly use them if you don’t want to ruin your business.
Sometimes organisations fail to use their resources by ignoring what they have; an example of this is when they assign a person, who is great at talking to people and would make an excellent job at sales, to an area where there is no interaction with customers, resulting in no improvement for the company. To solve this problem, the company would need to interview better their workers and assign them to an area where they could use their talents and abilities to improve the company.
In conclusion, to make a better use of resources companies need to know what they have, analyse and organise those resources and plan how they could improve the business by using them correctly.
References:
Grantham University. (2019). A Guide to Organizational Resources and How to Manage Them. Grantham University. Retrieved from: https://www.grantham.edu/blog/a-guide-to-organizational-resources-and-how-to-manage-them/
Tull, C. (2021). The 4 Key Resources You’ll Need to Grow Your Business. Hustle Startup. Retrieved from: https://hustletostartup.com/key-resources/
Alejandrina Sarzo Wabi
ResponderBorrar1st Forum
3:B
Without the physical resources such as the equipment, manufacturing plant, inventory, the business would not be able to function well, it needs machinery, transportation, the lack of organization would affect it also, human resources are important in customers services, they help in doubts and bring solutions, can create products and give services, also intellectual resources are necessary, because of the creative new ideas of products the business can develop, the costumers want a good and original one, to control the system and process, to follow certain method of doing things, we need intelligent, creative and innovative ideas and finally the financial resources, is important to make sure of the correct and fair payment, to know the profits and to have a control of the money that comes in.
To solve the problem first is necessary to have a correct organization of the system. Having workers with a good intellectual who can solve conflicts, develop products and help their costumers. To have people who can be in charge of the organization of the capital and the correct distribution of it, also having enough reserved money to buy new machinery that will help for the future of the business and to replace the old equipment. Having people who have business knowledge or ideas, intelligence and creativity to solve problems. “Coca-Cola has been very consistent when communicating the one and strong and effective message everybody knows: pleasure. Showing simple slogans such as “Enjoy” and “Happiness”, that catches the attention of people “. Business people have to be aware of the prices of the products they are selling, if they are expensive or cheap, if costumers would be able to pay for them. It’s also necessary labor, without a manager, who has the guiding hand, would be difficult for the business to succeed.
Next week I will start selling healthy desserts and this information teaches me the properly way for managing resources, I need to have a strategic plan. To know what people want, to give them a price they can buy and also that benefits me, I need to organize my times and be compromise, I need to take notes of all the expenses, ingredients, so I don’t forget them and to make changes of them in the future in case they change, to make a beautiful presentation, so it draws people’s attention.
References
EmpoweredWomen. (2016). Business Model: Key Resources. 2021, de UN Women Sitio web: https://www.empowerwomen.org/en/ilearn/my-courses/business-development/business-model/business-model-key-resources
Chenell Tull. (May 4, 2021). The 4 Key Resources You’ll Need to Grow Your Business. 2021, de Hustle StartUp Sitio web: https://hustletostartup.com/key-resources/
Smartling, Inc.. (2021). What Can We Learn from Coca-Cola’s Global Marketing Success?. 2021, de Smartling Sitio web: https://www.smartling.com/resources/101/what-can-we-learn-from-coca-cola's-global-marketing-success/
Karina Cuevas Garivo
ResponderBorrarA) How can an organization fail in the usage of their resources? How can a company overcome this problem?
The types of resources of an organization are: human, material, financial and intangible.
Human resources handle the recruitment. It can fail in the poor organization of the activities that each employee is responsible for and that can affect the behavior in the organization. It can improve if the organization tries that the organizational culture is in accordance with the established norms.
Material resources are the elements used in this organization such as machinery, products, etc. This can fail due to poor organization and misuse of materials. One of the best ideas to improve this is inventory control since this way they will be able to see what helps them, what does not work, what the machinery needs, etc.
Financial resources are what make the organization flow, an example of a misuse of this is waste on products that are not sold or unnecessary loans. It is best to have a financier in your organization and support you with inventory control.
Intangible resources are so important because it includes the unique part of your organization. This can fail if the product sold is copied or very similar to another product. A good use of these resources is copyright and patent.
https://m.zonaeconomica.com/recursos
Santiago vecoña
ResponderBorrarThrough a formal management of internal communication, companies share their values, vision and objectives among their collaborators. CI contributes, to a large extent, to ensuring that staff are aligned with corporate strategy and that teams are effective and productive enough to successfully achieve strategic objectives. Therefore, taking care of and formally managing communication is essential for the healthy life of organizations.
Much of the problems in organizations are directly related to poor or unplanned management of that internal communication. Not solving these problems in time due to lack of knowledge, analysis, adequate tools or professional approach compromises the organization and will end up having consequences in the results.
Nowadays companies are managed using four important resources that are key to have a successful business, these resources are physical resources, Human Resources, intelectual resources and financial resources. Starting with physical resources are all tangible material like buildings, factories, machinery, etc. Starting with the physical resources of Amazon as an example of this type of resource are its warehouse where they storage all their products, supply stores and their Amazon go stores. Now the Human Resources of Amazon. Even though most of Amazon’s stores (online or physical) are automated, they still need employees for the Human Resources department, business intelligence, administrative support, software development, project management, operation management, leadership development and training, marketing, finance and accounting, operations, IT, support engineering, research science, data science and solution architect. For the intelectual resources are all those intangible resources, as for Amazon it has patented a lot of products for example the ultra-short projector with transmissive liquid crystal display, snapshot clustering techniques for multiparty volumes, among other thousands of patents that they developed this year. Finally we have financial resources, Amazon earns their money mostly on Amazon Marketplace, Amazon prime, Amazon web service, Amazon kindle and Amazon media an content.
ResponderBorrarTo manage better your resources you need a team of specialist in charge of overseeing each resource so the business can grow.
Sebastian García
Links: https://www.marketing91.com/four-types-of-business-resources/
https://bstrategyhub.com/how-does-amazon-makes-money/
https://patents.justia.com/company/amazon
Business forum 1
ResponderBorrarAlejandro Vidal 3B
An organization would be failing to use their resources when they make business decision before looking at what they already have and what it can bring to the table. You need to have a clear idea on the product or service that you have to offer, and you have to know what you already have and how you can use it to get the best response. I think what a company can and should do to avoid wasting or failing to use their resources properly is simply to know exactly what they have, this way they won’t go out of their way to try something different just because you didn’t really knew just how much you have in your own company. A businessman or entrepreneur should always be looking into their own resources first before trying and look for different options.
Link: https://www.planview.com/resources/guide/resource-management-software/cost-poor-resource-management/
Link: https://m.zonaeconomica.com/recursos
Pablo Leon
ResponderBorrarOne of the most important thinks in order to prevent a small business to fail you need to adopt a forward-thinking attitude this is not just when you have the business is also before you start planning out your business and start with vision. Another very important think to prevent from fail your business is manage cash flow efficiently, first have a cash flow forecast so you know what money is coming in and out, use the forecast to project likely sales and expenditures so you know how much money is your business generating, but when this strategies doesn’t work out is when the business and organization fail. In today’s environment, companies are under increasing pressure to deliver innovative, technologically advanced products and services with shrinking budgets. Some examples of how business take advantage of the company’s resources is when research and development firms or departments lead innovation. They conduct market research, industry comparisons, trend identification, product development and business experimentation to help companies determine new products, services or revenue streams to generate more profit, another example is human resource companies and departments focus on functions related to employees like recruiting talent, screening candidates, hiring employees, explaining benefits, handling performance management and employee relations, developing corporate policies and fostering organizational culture.
https://www.thebalancesmb.com/how-to-overcome-small-business-failure-4142683
https://www.indeed.com/career-advice/career-development/functions-of-businesses
Sofía Pastrana
ResponderBorrarBusiness Forum 1
How can an organization fail in the usage of their resources?
The business resources, or also factors of production, consist of land and labor, together with capital and enterprise. Land means natural resources, which provide the raw materials for components, machinery, buildings and transport mechanisms. Workforce equals human resources, which includes all the people involved in your company such as: employees, staff members and everyone in the supply chain.
Physical resources, such as raw material, buildings, vehicles, transportation, storage facility, machines and factory.
In physical resources I think it is the most important because it is your raw material, and you have to look for it to be of good quality but at a fair price. I mean, you can't buy any material because quality influences a lot when a person goes to buy a product. And you, as a company, because you want to save a few pesos, you are not going to buy your poor quality raw material because at the mere hour people are not going to buy it and what are you going to do with everything that you did not sell, you are going to have to haggle and The truth is that you are going to lose a lot or you discard it that you also lose, so you better buy good and cheap
Human resources, or staff, such as a talented engineer or marketing experts. These resources are more important in companies in the knowledge-intensive and creative sectors.
In human resources it would be not to give them their place as employees, that is, if they work for your company but that is not why you can have their time because many times they believe that they are at their disposal and there with all the right in the world the employee can file a complaint and even a lawsuit for not respecting your labor rights. And pay them what is due.
Intellectual resources, such as your brand, patents, copyrights, partnerships, and customer databases.
In the part of intellectual resources, the company could be affected if it does not patent its product or does not register their brand, since it risks that a company steals that name or that product and will patent and register it, and they will no longer be able to claim their Copyright and the company would be affected, because those who stole their name and product can file a plagiarism lawsuit.
Financial resources, such as cash, credit etc.
In financial resources it could affect them as a company not keeping track of expenses and profits, basically not managing their money, which I mean that as a company you must be aware that you cannot spend or invest more than you earn. I mean, you can't buy 50 t-shirts if your sales margin is 30, not because you buy more product does it mean you're going to sell more. You have to be realistic and aware.
How can a company overcome this problem?
Identify well where they are failing and make a well structured business plan, being aware of your situation, be realistic.
References
Smith, J. (2018, 18 junio). Business Resources Definition. Biz Fluent. https://bizfluent.com/about-5089164-business-resources-definition.html
Business Model: Key Resources. (2016). Empowewomen. https://www.empowerwomen.org/en/ilearn/my-courses/business-development/business-model/business-model-key-resources
Regina González
ResponderBorrarToday technology and society is always constantly changing and new innovations are created every day, which open the doors to brand new ways of doing and achieve things. For this reason, companies must keep their systems updated, since if they do not pass it on in the safest and most innovative way, they will not be able to take advantage of new opportunities that arrive.
Technology has tangible and intangible benefits that will help you make money and produce the results your customers demand.
By not being able to be part of new opportunities business loose many chances and moments to create and learn.
Since technology is now part of our everyday life, if a business uses it to improve and be efficient the new technology allows a better use of the physical, human, intellectual and financial resources, allowing new ways to handle and organize their resources.
A business can overcome this problem by being open and understandable that they have to change for good, to be modern and better for their clients, embracing the change and realizing that its helping the, to accomplish their goal.
The management of them is very crucial since a fail in the usage of any of them could affect the business profit and development, even if it starts small it could grow into a big problem.
References:
https://www.grantham.edu/blog/a-guide-to-organizational-resources-and-how-to-manage-them/
http://www.biascg.com.mx/formas-empresa-perdiendo-recursos/
https://www.oksbdc.org/why-is-technology-important-in-business/
Rosado Cruz Dyna 3ºE
ResponderBorrarHow can an organization fail to use its resources? How can a company overcome this problem? As we have seen, a company has 4 types of resources, which are those that are required for the company to achieve its objectives; Probably the company has several workers but they would not serve if they are not trained, it may be more expensive to pay for the training but it will be rewarded since it would not waste material and time looking for others in such a way that a chain is made. On the other hand, if money and materials / products are not well managed, the company would be greatly affected by the lack and / or loss of funds. Like these, other problems could be avoided or controlled with a good direction and administration of resources in order to avoid economic or material damages.
Lumen Learning. (s. f.). Factors of Production | Introduction to Business [Deprecated]. Lumen. Recuperado 27 de agosto de 2021, de https://courses.lumenlearning.com/wmopen-introbusiness/chapter/factors-of-production-2/
Pandit, S. (2020, 31 mayo). The 4 Types Of Company Resources Which Are Crucial To Company. BusinessMan Talk. https://businessmantalk.com/company-resources/
https://www.garyfox.co/business-model/key-resources/
One of the main reasons projects fail is due to discrepancies regarding economic resources, labor, and material. Organizations unable to manage resources properly experience many problems that affect their day-to-day operations and their long-term strategies, as well as financial standing. and sometimes they think in the feature of the company and they try to have the news to win agents the competition and sometimes they fail. the first think you have to do to overcome the problem you need to know whats the problem and study abut the problem and think abut what can you do to solve the problem. When your business is struggling, it’s easy to feel hopeless and look at the glass half empty. you need to change your mindset, challenge it.
ResponderBorrarthe enterprises care and work withe the resources of a company company to make the company biger, to sell more, you can manage better thinking more about what it is better to you company. business that wants to be successful in today’s economy will need to understand the resources that it uses, how they function in its business model, and how to make the most out of them.
https://www.planview.com/resources/guide/resource-management-software/cost-poor-resource-
management/https://www.grantham.edu/blog/a-guide-to-organizational-resources-and-how-to-manage-them/
Daniel Jaime Vidal
ResponderBorrar3E
Forum
A)
First of all we need to understand what’s an organization, based on the britannica.com “A organization it’s an entity formed for the purpose of carrying on commercial enterprise. Such an organization is predicated on systems of law governing contract and exchange, property rights, and incorporation.”
An organization have many ways in which they can fail, especially when they used their own economic resources because many times they’re limited. They have no margin for error because if they make a mistake in their investments they will probably lose a large part of their capital.
Most of the enterprises forget this point and invest all of their own capital as fast as posible causing a bankrupt.
The ideal way to solve this problem is by requesting bank loans with an interest that is as low as possible or by allowing access to new investors to the company.
At this way if an enterprise overcome the third year of operations since the beginning they can consider it selves an a successful and self-sufficient company.
B)
The planning at short, medium and large term it’s the best way to take care the resources because each invest will be related to the economic situation with which a company has.
This is the best way to manage because the resources will always be proportional to income.
https://www.britannica.com/topic/business-organization
https://smallbusiness.chron.com/shortterm-mediumterm-longterm-planning-business-60193.html
Luciana Gamboa 3B
ResponderBorrarLack of resources is one of the most common reasons why organizational change fails in most organizations. One has to take into account that investments must be taken as long term as changes. It has to be implemented and then tested, refined and reinforced. This is a longer and more costly endeavor than most change CEOs realize. If you don't plan and resource the later phases of change, you will not realize all the benefits you intend to achieve.
Large projects within a company have to be well planned and without a short budget, so having a high budget does not mean that the whole project requires high cost resources, but having a little extra budget for sudden changes or things that are added to the project.
References
Anderson, L. A. (2018, July 18). 5 Reasons Why Organizational Change Fails. LGC. https://blog.beingfirst.com/5-reasons-why-organizational-change-fails
Lynn, R. (2021, July 9). The Cost of Poor Resource Management. Planview. https://www.planview.com/resources/guide/resource-management-software/cost-poor-resource-management/
Daniela Cabañas
ResponderBorrarA) How can an organization fail in the usage of their resources? How can a company overcome this problem?
In the context of business and economics, a resource is any factor that’s necessary to accomplish a goal or carry out an activity. Resources often include employees, working space, equipment, or capital. Understanding precisely what your business uses is critical in order to ensure that you are making the most of the resources available.
The failure and insufficiency of communication within an organization is one of the main problems faced by the Human Resources department and the administrative part of a company. Clear communication within a company is very important from the beginning, be it by doing a good planning, choosing the right channel and formality so that the message is clear and easy to assimilate.
A successful reorganization process is one that has a clear vision of what you want to achieve and what changes are necessary to achieve it. The new organizational structure must be aligned with the company's strategy, which is mainly reflected in the definition of the position and responsibility of line managers and their work teams. One of the main determinants of the good performance of an organization is its ability to make and execute timely, quality and high-impact decisions. Companies must balance client needs with available resources to ensure projects are delivered on time and meet expected quality standards.
The keys to this way of proceeding are:
• detect activities that consume resources and do not add value.
• Eliminate them: systematically excluding them from each and every one of the company's
work processes.
• Check results and practice adjustments
https://smallbusiness.chron.com/manage-business-resources-2610.html
https://economicpoint.com/company-resources
Gabriel Aguayo Díaz
ResponderBorrar3:E
All organizations have their own set of resources, which they are encharged of using and administrating. Every time an organization makes a movement with it’s resources there exists a chance that it goes wrong. For example in the Human Resources aspect, an organization can over exploit its employees and make them inefficient and unhappy, which makes them unproductive. Another example can be the wrong usage of information, which has several ways to affect the organization, from bad marketing to a terrible communication, which leads to inefficiency.
In these two cases the organizations have ways to overcome the problems, in the first one is to stablish a Human Resources department to better manage its employees and make them more productive. In the second one a good technological program can be the solution, so that people have better access to crucial information and also communication is facilitated.
An example of how enterprises care and work with its resources is the way McDonalds and other fast food chains administrate their workers, to avoid exploitation they pay more if the employee has to work more hours than stipulated, or if they have to work on holidays.
I could manage better the resources by having personal relation with the employees, so that they feel happy and want to work with the best attitude.
Resources (Business Resources). (19–05-05). Management Mania. https://managementmania.com/en/resources-business-resources
Grantham University. (2021, 17 febrero). A Guide to Organizational Resources and How to Manage Them. https://www.grantham.edu/blog/a-guide-to-organizational-resources-and-how-to-manage-them/
Karen Romero Ulloa
ResponderBorrarHow can an organization fail in the usage of their resources? How can a company overcome this problem?
An organization can fail in the usage of their resources by underperforming, by experiencing setbacks, or sink into financial problems. Good research management equals stability. So failing to properly use resources a company can become unstable and eventually crible and bankrupt.
A company that is misusing or improperly managing resources can be seen underperforming. They spread resources out too thin and projects become understaffed and unequipped.
Setbacks can occur because the company is spread out and unfocused on the important things.
Financial problems can occur when a company doesn't know what assets they have available.
By properly handling and managing its resources an organization can prevent all of these problems.
Provide examples of how enterprises care and work with the resources of a company? How can you manage the resources better?
Enterprises take care of their resources by providing healthcare to their employees, maintaining and nurturing relationships with customers, and keeping vendors happy.
You can identify resources, maintain pace and don't procrastinate, think comprehensively, know the resource dependencies, track time, and use tools correctly.
The Cost of Poor Resource Management | Planview. (2021, July 9). Planview. https://www.planview.com/resources/guide/resource-management-software/cost-poor-resource-management/
Williams, J. A. (2021). How to Take Care of Your Greatest Resource in Business. Heartmanity.com. https://blog.heartmanity.com/how-to-take-care-of-your-greatest-resource-in-business
12 Resource Allocation Tips for Managers. (2019, November 13). 12 Resource Allocation Tips for Managers. ProjectManager.com. https://www.projectmanager.com/blog/resource-allocation