Abdulaziz Omar

Unit 2 – Investigating Business Resources

D1, Evaluate how managing resources and controlling budgets can improve the performance of a business.

If a business manages its physical and technological resources well this would the performance of the business it will give Sainsbury the full benefits of the resources. If Sainsbury manages and controls its budgets effectively then it can improve the performance and success of the business. If a business manages to maximise it income and minimise it cost then it would improve the business profits level which would improve the business performance.

If a business manages it cost and budgets properly by purchasing the right stock level which it needs and knows it would sell with a specific period of time then this means that the business would benefit by making substantial sales revenue from those stock as a result. Another benefit is that the business would be saving money from the space needed to hold the stock in the stockroom. Another benefit would be that the business would be making good profits level from the sales. This would improve the performance and success of the business overall.

If a business manages its costs efficiently then it would improve the success and performance of the business.  If a business employs the right amount of workers it needs then it would reduce the cost of the business. Another benefit if the business employs the right amount of staff is that the business will have more productive workers. Another advantage if the business employs the right number of staff would be that they would have enough money for other areas of the business. So, this would improve the performance of the business.

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When a business manages its costs effectively then it would improve the success and performance of the business.  If a business rents a suitable premises and affordable rent then the benefit would be that it would help the business as they are controlling its cost. Another benefit would be that the business is saving money and that money will be used elsewhere. Another benefit is that the business will not be wasting space in their store. So, therefore it would improve the performance and success of the business.

When a business manages to control its budgets then it ...

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The writer has not considered the wide variety of resources that are used by a business and evaluated their effective use to its performance. More specifically applying it to one business would help and although the writer starts to talk about Sainsbury's, they do not pursue it. They concentrate only on a few resources and their relation to minimising costs and do not consider the use of resources in maximising revenue.