If the accurate and all information are collected in the financial statements, business can do well. The business will have all information about its accounting ratios. Through the summarization all information can be calculated which will be of relevance to the users of accounts. If the ratios are based on the summarized year end information and show a true reflection of the over year, it can be a great advantage to the business, which will help Tesco in doing well. This will be the accurate managing of resources which will help Tesco do very well.
If the business is managing the costs very well according to the budget the shareholders would want to hold more shares in the business as this would encourage more people to will to buy shares in the business. If Tesco is making profit, it will have a good reputation in the market which will likely motivate businesses to buy shares in the business.
Tesco should only have the stock which is required to them at that time. For example if Tesco has ordered too much breads, they cannot keep them for long as it will rote and their date will expire which would put Tesco into loss. If Tesco manages this properly their business can make profit and do very well.
The resources being managed properly can help business to overcome an unforeseen circumstance for example circumstances like flooding and earthquake. If the business has to go through some sort of unforeseen circumstance the business can come over it. This shows that the business is very successful and knows very well, how to manage its resources and the costs according to the budget.
Tesco needs to control it stock properly like when they get a new stock they should put that to the back and move the old ones to the front so they can be sold first. They need to get rid of the things when their date is over and they cannot be used no more. When they think their stock is not being sold as it should be they should have extra sales on their stock so they can get rid of it.
If the resources are managed properly and the costs are controlled according to the budget the business can make profit and do very well.
Management of human, physical and technological resources help in business doing well:
The management of human, physical and technological resources in Tesco help Tesco to improve the performance of it. The human resources help Tesco run properly. It organises the business well. The team is monitored, the staffing meets the changing business demand, and the targets are met by the team of Tesco. Better contacts are kept by Tesco with the other departments. They fulfil the business requirement. They maintain the business in the manner it should be maintained starting from the highest position and then after that carrying it on to the lowest position as the normal workers in the organisation. This keeps the organisation well organised. All these help Tesco in making profit and they show Tesco is well organised. The physical resources help improve the performance of Tesco. This shows how well established the business is. If Tesco has good building and large building that will show how big the business is along with that if it has good emergency provision that means the business has concern with the health and safety features this brings more customers along that means that more customers will visit Tesco. Security and it equipment show that Tesco is well brought up that is why they got these facilities. These facilities are only along with the high business as this shows Tesco is high class businesses which help Tesco even do better. Technological resources can improve the performance of Tesco. Technological resources such as computer software's and privacy of this software and the privacy of data can improve the work in Tesco. This can prevent from the loss of data and can keep the data of Tesco private which means Tesco can produce better if there data is prevented. All these human, technological and physical resources of Tesco can help Tesco do better and can help Tesco improve in their business activity which can lead to the business making profit.