Availability of resources
| Availability of resources |
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| See also |
Availability of resources The availability of resources is a key success factor for any manufacturing enterprise. Lack of resources may cause delays in production, problems with quality, increase in costs, problems with orders and even bankruptcy. Managers can not allocate resources if they are not available, so you need careful planning and preparation before undertaking any undertaking to provide all the resources required to perform the desired tasks.[1]:
Types of resources inrelation to their availability
- Resource conflicts
- Renewable resources
- Human resources
- Financial resources
Resource conflicts
Resource conflicts - in project management resources can be assigned simultaneously to different tasks.
Renewable resources
Renewable resources - are resources that can still exist in good management, that is, provide services without interruption. These are also resources that are inexhaustible or are living resources like plants or animals. One example of such renewable resources can be water, wood, air quality as well as geothermal energy.
Human resources
Human resources- It is a concept that can be understood as the concept which means work, that is, the work force as one of the three means of production. It refers to social sciences. Its second meaning is more common, it is related to a large extent to the scope of management and refers to individual employees and to the department dealing with personnel policy, i.e. recruitment, employee training, motivating and dismissing employees.
Managing human resources: it is a coherent strategy of managing the most valuable of each organization's capsules, namely, people. Nowadays human resources have a high impact on the value and competitiveness of the company. Thanks to this, the human resource management policy has been successively developed, defining a company operating in the right way, its methods and challenges. The most important feature of human resources management is human capital. This is a very important element because it is the main resource of the company. An important feature is also the increase in managerial staff's preoccupation with processes related to planning and decentralization of personnel decisions, i.e. the supervision of personnel matters. Another feature is the development of ingenuity, skills and the separation of work relations[2].
The approach to managing human resources is associated with:
- personal strategy - this strategy forms and engages human resources so that they can achieve specific goals, it is included in the organization strategy
- personal processes combined with basic business processes - specifies the principles of human resources management, as well as goals and principles
- tools needed to solve personal issues.
Financial resources
Financial resources - are all the means of money available to enterprises to finance their current and future activities. They occur both in the form of cash and bills of exchange, bonds. The financial resources also include:
- interest rates
- government support
- sources of financing - cash resources financing the venture. In various cycles, enterprises need to raise capital for their operations and development. Ways to raise money depend on the stage of company development, size and perspectives for further growth.
Due to the origin of capital, you can distinguish:
equity capital - may come from internal sources (profit earned by the enterprise that is at its disposal) and from external sources (equity capital in companies by shareholders). Shareholders who contribute to the company's capital for the return can count on its liquidation. As a result of conducting appropriate procedures and securing the interests of creditors, you can increase or decrease your equity. The main purpose of capital change should be to ensure the stability of the company's development or to create conditions for more effective operation.
foreign capital - these are funds left at the company's disposal by the creditors, but only for a certain period of time and which must be paid back. These are all liabilities and provisions for liabilities that are a burden on the enterprise. Foreign capital can be divided into short-term (repayment date up to 1 year, e.g. loans, bank loans, bonds, payroll liabilities, taxes, supplies) and long-term loans (repayment period over 1 year, e.g. long-term loans and bonds, other liabilities long-term).
References
- Chow, J., Kopp, R. J., & Portney, P. R. (2003). Energy resources and global development. Science, 302(5650), 1528-1531.
- Ulrich D., Brockbank W., Yeung A. K., Lake D. G., (1995)An empirical assessmentHuman resource competencies.
- Westerveld, E. (2003). The Project Excellence Model®: linking success criteria and critical success factors. International Journal of project management, 21(6), 411-418.
Footnotes
Author: Izabela Palonek
