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) Use as an example one organization that have use successfully the resources, what are the positive aspects that they apply in order to have an excellent outcome?
B) From all the resources mentioned, which one do you consider is the most difficult to manage and why? Provide at least 4 arguments.
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Luis Juventino Ramírez Quintana
ResponderBorrarB) From all the resources mentioned, which one do you consider is the most difficult to manage and why? Provide at least 4 arguments.
According with the Key Resources to construct the base of a business, it's important to side as well which is the most difficult fact to manage and administrate in a Business, could be a company or a organization. Could be tangible or intangible resources, anyone.
As first we have Phiscal Resources; which are the ones take the response of the equipment of a the utilitarian things form the business, inventary of the products, and the manufacturing process in which they are centralized. Also we can say that this count as they were tangible resources.
The next one is Human Resources which get focus in the functinalism of the employees in the company and how are they important for the company, also the consumer service and how contributors can offer customized solutions.
Financial Resources take place the organization y management of costs, cash, incomes and expenses at the longer time of sales. This resources are considered as tangible because the banks apply many tasks for does companies who are in several construct.
But the most difficult Resource to manage I think is the Intellectual Resorces because this is focused on the nonphysical and intangible resources, this is the brain of the ideology that the company try to apply on their methods of sales. Also this involves the motivation and positive decisions of the employments to make grow up the company. Another important aspect and difficult to find in many profiles of sellers is the intellectual talent or skill of sale of the employees that gives to their business the idea of a propositive concept to their products and offers. That's why, I choose it at the last one resource.
Aletxa Pascual Macías
ResponderBorrarIn my opinion, the most difficult resource to manage is the human resource, because this resource relies on teamwork, and there is not a guarantee that people will behave as you expect. According to Bhatta (n.d.), the people who manage the employees must understand human behavior, their thoughts, and actions. This has become more challenging every day because of several reasons.
One reason is trying to obtain cooperation and commitment from a big number of employees. According to Managing Human Resources (1981), it can be hard because the company's goal is essentially long-term, universal-profit, and growth, and employees usually focus on shorter time frames to meet their needs in terms of wages, salaries, working conditions, etc. This makes it harder for the company to establish connections between these goals.
Another problem that this resource has is that as the company grows, it is more difficult to manage employees’ relations with the business. The communication process becomes more political than personal, this is a huge deal because the corporation can put in danger their reputation and have other serious consequences. Because of the danger to have possible conflicts, it is riskier to experiment with new techniques with larger organizations than in smaller ones. The decisions have more repercussions, and the executives must become more careful with their decisions (Managing Human Resources, 1981).
Also, the regulation of equality, discrimination, data protection, etcetera is a difficult task because the human resource professionals must elaborate on different codes of conduct and make sure that all the employees are following them. As more detailed regulations related to the Equal Employment Opportunity Act (EEO) become part of employment, human resources professionals need the ability to advise companies on standards of conduct and issues.
Because of the previously mentioned reasons and others, I do consider that the human resource is the most difficult to manage. This resource is constantly changing therefore it needs a huge amount of attention from the company if they want to have a successful business.
Bhatta, G. (n.d.). Managing human resources is much more difficult than managing physical resources. Bhatta. http://www.bhattag.com.np/text/Question_Answerrs_Hrm.pdf
Managing Human Resources. (1981, September). Harvard Business Review. https://hbr.org/1981/09/managing-human-resources
5 Reasons Why HR Management is Getting Increasingly Complex. (2018, January 16).
https://online.arbor.edu/news/5-reasons-why-human-resource-management-getting-increasingly-complex
Regina López García
ResponderBorrarB) From all the resources mentioned, which one do you consider is the most difficult to manage and why? Provide at least 4 arguments.
I think that the most difficult to manage is the intellectual resource, because nowadays there are a lot of people that instead of having their own ideas for them it’s easier to copy someone else and usually they copy smaller businesses and get away with it.
There are also cases that both businesses are big and they just copy each other anyways, for example when Instagram copied Snapchat by adding the feature of stories and that feature added 250 million users in the year since it launched according to CNBC.
The reputation of the brand because when they do something wrong the business can loose millions, for example Shein before it was known for a fast fashion website where you could buy not only trendy clothes but also cheap until last year when they smelled offensive items (a necklace with a Buddhist swastika pendant, a phone case with an image of a handcuffed Black person outlined in chalk, and a Muslim prayer mat as a decorative rug), also copycatted designs from other designers.
On another note, right now everyone should know about the climate change and the huge impact on the world, but when Shein got their fabrics made out of polyester that alone emitted about 706 billion kilograms of greenhouse gases in 2015, everyone decided to stop shopping the reputation’s brand got worse.
Besides partnerships are also included in intellectual resource, for example coca cola it has a partnership with Euros for decades now, but when Cristiano Ronaldo rejected coca cola and preferred water everyone worshiped him but coca cola share price had dropped 1.6%, a $4 billion decrease in value, they were definitely not happy about it.
Andrew Zaleski, special to CNBC.com. (2017, October 4). 7 businesses that cloned others and made millions. CNBC. https://www.cnbc.com/2017/10/03/7-businesses-that-cloned-others-and-made-millions.html
Nguyen, T. (2021, August 10). Shein is the future of fast fashion. Is it ethical? Vox. https://www.vox.com/the-goods/22573682/shein-future-of-fast-fashion-explained
Garrity, T. (2021, June 16). We Shouldn’t Be Surprised That Cristiano Ronaldo Refuses to Drink Coca-Cola. InsideHook. https://www.google.com.mx/amp/s/www.insidehook.com/article/health-and-fitness/why-ronaldo-hates-coca-cola/amp
UN Women. (2016). Business Model: Key resources. Empowerwomen. https://www.empowerwomen.org/en/ilearn/my-courses/business-development/business-model/business-model-key-resources
Natalia García Tello
ResponderBorrarAs far as I investigated about the resources, I came up with the conclusion that "Human Resources" is the most difficult resource to take care of since I think the most important part of a business is the people who work for the company how they do their jobs to achieve a successful project by the end.
One of the reasons I think this is because according to the bhattg personnel management is essential for every work its done since workers are the one who develop everything with the machines since most of the machines in every companies are managed by people who work in the corporations that’s why Human resources are essential to use the other resources to make any business work.
Another reason I concluded for this resource to be difficult was the security of these employees since most of the jobs they a tend to are dangerous for example if they wrongly use a machine they could die or the risky jobholders need safety benefits in case something happens to them, because if they are not backed up by some certain of security and something happens the other workers would not want to work anymore and it wouldn’t be fair for the one who put his life on risk. That’s why employees need good salaries, benefits, not too dangerous risky jobs, and all of these are challenging to the human resource managers.
Just as John E. Smith in the Quora blog, who is a MA from Webster University said “people are more difficult to manage than other machines, which I am not sure is accurate across the board. Each industry, profession, and organization might be significantly different in this regard”, which I totally agree this is difficult to manage since people are complex with their abilities, learnings, personality, skills, mood and others. And without workers I believe that a business could hardly develop to success.
Not forgetting that it is also complicated to hire people to open jobs according to Robert Half Thirty-six percent of HR managers said that identifying the best job applicant was the biggest challenge. Since not everyone thinks the same of every job, are as talented as others, know how to work well with other workers and have the availability to do their best to be a potential employee.
To conclude to all the mentioned, these are the main reasons I could conclude for me to think Human resources are extremely difficult to manage and have a balance so workers have a save and good quality job. Because without them not every company could work as well.
Resources:
-Bhatta, G. (n.d.). Managing human resources is much more difficult than managing physical resources. Why do you think managing human resources is difficult? What skills should the managers have to manage human resources effectively? Ans. http://www.bhattag.com.np/text/Question_Answerrs_Hrm.pdf
-Top 4 Challenges Faced by Human Resources Professionals. (2015, September 23). Roberthalf.com. https://www.roberthalf.com/blog/management-tips/top-4-challenges-faced-by-human-resources-professionals
-Why are human resources more difficult to manage than other resources? – John . E. Smith. Quora. (2021). Quora.com. https://www.quora.com/Why-are-human-resources-more-difficult-to-manage-than-other-resources
After having researched a little about these 4 concepts, I realized that in my opinion the most difficult concept is human resources, since the simple fact of starting to hire new people for your company or business must be a complicated part already because if you contact a person who is not well prepared, it can cause the company to be affected since they will not be able to work in the best way.
ResponderBorrarHuman resources (HR) is the division of a business that is charged with finding, screening, recruiting, and training job applicants, as well as administering employee-benefit programs. HR plays a key role in helping companies deal with a fast-changing business environment and a greater demand for quality employees.
John R. Commons, an American institutional economist, first coined the term "human resource" in his book "The Distribution of Wealth," published in 1893. However, it was not until the 19th century that HR departments were formerly developed and tasked with addressing misunderstandings between employees and their employers.
Jorge Guelbenzu, General director of Infoempleo: The objective of the companies has been and will continue to be to attract the best talent. Having the right professionals is a guarantee for the successful implementation of projects that help alleviate the difficulties that companies have gone through in recent years, which have been many and of a very varied nature. However, this work is not always easy.
Two out of every three companies acknowledge having had serious difficulties in filling their vacant positions. This is one of the main headlines that are extracted from the Adecco 2014 Infoempleo Report. It is also one of those that concerns us the most, because it shows the disconnect between the training and competencies that candidates have, and the requirements of the job offers that published by organizations.
Margarita Escuder (M.E): It seems to me that there are very good job offers and that the indicator is reflected in job portals like this one. Before the main newspapers were the ones that measured the market for us, today I think they are still valid, but definitely the largest flow of searches does not go through them. Regarding the industries, I see that IT continues to lead in the number of offers and that oil always attracts for its salaries.
Javier Queimaliños (J.Q): I think this year is going to be quite busy, beyond the growth or not of the industries and the economy, there is still a lot of change. Without wanting to be ambiguous, I think there is a labor market with movement in general (vertical and horizontal), perhaps my "feeling" is that the retail market remains quite active, and perhaps also the service industries at intermediate levels.
Navent. (2012, 22 marzo). Opiniones de expertos en Recursos Humanos. Noticias - Zonajobs. https://www.zonajobs.com.ar/noticias/reclutadores/opiniones-de-expertos-en-recursos-humanos/
Human Resources (HR). (2018, 6 diciembre). Investopedia. https://www.investopedia.com/terms/h/humanresources.asp
Abdulaali, A. R. (2018, 9 noviembre). The Impact of Intellectual Capital on Business Organization. Intellectual Business. https://www.abacademies.org/articles/the-impact-of-intellectual-capital-on-business-organization-7630.html
Rodrigo Villanueva Muzzi
ResponderBorrarAfter my long research and asking people the same question I came up to the conclusion that financial resources are the most difficult to manage. Why? " Money makes the world move”.
Let me explain farther, let’s say that you want to start your own business and you already have an idea of what your going to provide, the first step is to find people that want to fund your project, if this doesn’t happen, you can’t do anything, so there’s our first challenge, but let’s say you do find people that support your project and are interested. The next thing you’ll have to do is to make a plan of your expenses and your earnings, this is critical, if you make one bad single move this could bring a lot of problems for the future of your business .
If you manage to get through the first challenges you’ll start to see some earnings, earnings that you’ll have to invest in more products and start thinking of hiring people to help you with deliveries, cleaning, working, managing, etc, and you have to be careful with this because if your workers aren’t happy with the money you’re giving to them it will decrease the effectiveness of the whole buisness.
At last if you don’t manage everything with the care needed this would lead you to too much debt, not racing enough capital, limited or inconsistent cash flow, not paying bills on time, and this is just contemplating the things you can control because there are some situations that happen and you don’t have nothing to do like economic problems.
It’s a very complicated and unstable process full of challenges that you’ll have to plan before doing something that could ruin all the hard work you have been doing since the beginning.
Resources:
Khaykin , Ilya, et al. “Financial Resources Management.” International Association of Credit Portfolio Managers , 2017, www.oliverwyman.com/content/dam/oliver-wyman/v2/publications/2017/mar/Financial%20Resource%20Management%20IACPM%202017.pdf.
Beaver, Scott. “Small Business Advice: Overcoming Financial Challenges.” Oracle NetSuite, 25 Sept. 2020, www.netsuite.com/portal/resource/articles/business-strategy/small-business-financial-challenges.shtml.
PAULINA GAMEZ
ResponderBorrarB) From all the resources mentioned, which one do you consider is the most difficult to manage and why? Provide at least 4 arguments.
My personal opinion about which resource must be the most difficult to manage is human resource.
Let’s start of by explaining what it is and what they do in human resources, it is the department of a business or organization that deals with the hiring, administration, customer service and training of personnel.
But why do I consider this to be difficult, well because for starters there is a numerous team involve, meaning there are various people with different ways of thinking and acting who have to all come as one to get the job done, and as you may know, working with other people can sometimes be tricky, especially when there’s a disagreement.
Let’s add the fact that customer service is not as easy as it sounds, some people make it really difficult for you to help them, and some people can even tend to be rude.
According to Atlas Staffing, some of the challenges you deal with in human resources are job design and analysis, workforce planning, training development and legal issues.
All in all, the main reason as to why I personally find this the most difficult to manage, is because there are a lot of people involve, and even though I consider myself to enjoy a little bit of teamwork, not everyone thinks as I do.
https://atlasstaffing.com/blog/10-todays-common-human-resource-challenges/
https://www.google.com.mx/search?q=what+is+human+resources&client=safari&channel=ipad_bm&sxsrf=ALeKk013CgakLyVHkB9bzdzFAKJB9VZyJQ%3A1629908316288&source=hp&ei=XG0mYdb8DtuUwbkP04eoyAk&iflsig=AINFCbYAAAAAYSZ7bLryWoKiMYRgymq-4j49XX07jZH8&oq=what+is+huma&gs_lcp=Cgdnd3Mtd2l6EAEYADIECAAQQzIECAAQQzIFCAAQywEyBQgAEMsBMgUIABDLATIFCAAQywEyBQgAEMsBMgUIABDLATIFCAAQywEyBQgAEMsBOgYIIxAnEBM6BAgjECc6CwgAEIAEELEDEIMBOg4ILhCABBCxAxDHARCjAjoRCC4QgAQQsQMQgwEQxwEQ0QM6CwguEIAEELEDEIMBOgoIABCxAxCDARBDOgcIABCxAxBDOggIABCxAxCDAToHCAAQChDLAToFCAAQgARQhQRY8itgg0NoAnAAeAGAAfwDiAHoGJIBCzIuNS4zLjMuMC4xmAEAoAEB&sclient=gws-wiz
María Andrea Marrufo
ResponderBorrarA) Use as an example one organization that have use successfully the resources, what are the positive aspects that they apply in order to have an excellent outcome?
VISA cards.
Visa is a company that enables digital payments at nearly 70 million merchant locations around the world. The success of these organization is due to the use of business’ key resources, which have made these company the world’s leader in digital payments. As the world changes, Visa is adapting their methods to reshape the future of commerce.
These company has used the key resources as a strategy to keep their business running successfully with confidence through hard times like these COVID 19 pandemic.
As I mentioned, Visa has adapted their physical resources on the situations that have been happening worldwide. One example is the digital era, VISA has adapted their platforms for a confident payment method that allow costumers to pay by phone or different platforms.
VISA operations focus heavily on managing and maintaining this infrastructure because it is key to providing VISA customers with security, convenience, speed, and efficiency.
These changes have been reflected in significant investments the company has made to their platforms, products, services and network.
At the same time VISA has made changes in their workplace to inspire their workers to think, act and perform more confidently in a digital environment that is transforming daily.
The Human Resources department also worked in the the best-class training and development opportunities for their workers, creating a learning community for their innovative projects to flourish.
Something very important Visa has to manage is the intellectual strategies for property protection. The growth of their products globally also increase their risks of property abuse and illegal transactions, so they need the support of the IP owners and law enforcement.
Finally Visa’s financial resources are a huge part of the business and the key element of their success and growth.
Visa makes its profits by selling services as a middle man between the costumers and the businesses. These company’s data processing operations generate the largest portion of revenue. Their strategy is to expand their presence in every contactless payments and other digital vehicles. Visa’s strategy has helped them expand their payment methods across the world becoming one of the largest and safest company in money transactions.
Resources:
Intellectual Property Rights. (s. f.). Visa. Recuperado 25 de agosto de 2021, de https://km.visamiddleeast.com/en_KM/legal/intellectual-property-rights.html
Buisness resources canvas. (s. f.). Deloitte. Recuperado 25 de agosto de 2021, de https://www2.deloitte.com/content/dam/Deloitte/us/Documents/human-capital/us-human-capital-visa-enables-a-culture-of-learning-in-the-face-of-industry-disruption.pdf
Visa Expands Practical Business Skills – Free Education Resources for Small Businesses and Entrepreneurs | Visa. (s. f.). VISA.US. Recuperado 25 de agosto de 2021, de https://www.visa.com.vn/en_VN/about-visa/newsroom/press-releases/visa-expands-practical-business-skills-free-education-resources-for-small-businesses-and-entrepreneurs.html
Visa Everywhere. (s. f.). Visa blog. Recuperado 25 de agosto de 2021, de https://www.visa.co.uk/visa-everywhere/blog.html
Belyh, A. (2020, 16 septiembre). Key Resources Building Block in Business Model Canvas. Cleverism. https://www.cleverism.com/key-resources-building-block-in-business-model-canvas/
Victor Hugo Gamboa Canto
ResponderBorrarB) From all the resources mentioned, which one do you consider is the most difficult to manage and why? Provide at least 4 arguments.
I think that the most difficult resource to manage is the human resource.
1. Like we most know the business have their own system in the human resources, in these argument I am going to talk about the part of the managers and the workers, we know that the managers are the once that supervise if the workers are making great their jobs that make that there are less managers than workers, that make it more difficult for them to manage cooperation, energy, and commitment from the large number of workers
2. The concepts that are concerning to the management of large numbers of people often convey contradictory to the managers, that means that the managers get confused in the way that they need to manage a big number of people, that difficult de efficiency of the results of the company that could affect the other areas of the company.
3. Technological advances, another difficult thing of the human resources is that there is people or generations that doesn’t know how to use the new technologies that the company put it in their installations for a easiest work, that means that the people who doesn´t know how to use these technologies need a class or capacitation for using them, that means resources for the company for example money and time
4. Work force problems the companies are having problems with the Human resources because there is a lot of cultures and ways of thinking that make difficult the atmosphere that the workers have, and that can be transmitted to the buyers that can´t be great with the attention of the company.
Bhatta G. (2021), Managing human resources http://www.bhattag.com.np/text/Question_Answerrs_Hrm.pdf
Harvard Business Review, (2014, January 1), Managing Human Rrsources https://hbr.org/1981/09/managing-human-resources
Alejandro González Bojórquez
ResponderBorrarB) From all the resources mentioned, which one do you consider is the most difficult to manage and why? Provide at least 4 arguments.
I think the human resource is the most difficult to manage and heres why:
1. "Achieving wholehearted cooperation, energy, and commitment from large numbers of employees is difficult" said Wickham Skinner in the Hardvard Business Review Magazine in 1981. Asking for cooperation from employees that work under harsh conditions is never going to work, and even if they have the best condition they could have in the work space, humans dont always want to work, they are not machines and have feelings, hope, and aspirations. Anyone would rather be having fun or at home instead of doing work. They are not going to put their maximum effort at work and they shouldn't because that would cause burnout, stress and anxiety.
2. Managing every single move of a worker is simply not possible, you can never guarantee that they will work correctly and without any flaws, as humans are prone to commit mistakes, there can never be an impeccable job. They can get distracted while working and they can stop paying attention to what they are doing. They have other thoughts in their head and they are not always concentrated at the job at hand
3. Relations with other workers. Humans can create friends in the work space but they can also can create enemies or people that they dont like, this can create problems at times when you need teamwork between all the employees. Humans are all different and they are social creatures, so they are bound to find someone that they dont like.
4. Workers health and wellbeing. Like we saw these past 2020, diseases are very dangerous to the work place as humans are not immortal and can catch many diseases. This can slow the business because you dont have as many employees when someone is on leave to take care of their health, we are also paying attention to mental health as well in these few months since a great porcentage of the population is having to stay isolated at home and that has caused anxiety and depression to many people worldwide "These data underscore what we already feared: The coronavirus pandemic is taking a heavy emotional toll on many Americans,” said Arthur C. Evans Jr., PhD, APA's chief executive officer.
Managing Human Resources. (2014, August 1). Harvard Business Review. https://hbr.org/1981/09/managing-human-resources
Bethune , S., 2020. Psychologists Report Large Increase In Demand For Anxiety, Depression Treatment. American Psychological Association. Available at: https://www.apa.org/news/press/releases/2020/11/anxiety-depression-treatment [Accessed August 25, 2021].
Luis Juventino Ramírez Quintana
ResponderBorrar(Last editing and rewriten)
B) From all the resources mentioned, which one do you consider is the most difficult to manage and why? Provide at least 4 arguments.
According to Key Resources, mentioned by Hitesh Bhasin (2019) “To construct the base of a business, it's important to side as well, which is the most difficult fact to manage and administrate in a Business, could be a company or an organization. Could be tangible or intangible resources, anyone”.
We have Physical Resources; which are the ones take the response of the equipment of a the utilitarian things form the business, inventary of the products, and the manufacturing process in which they are centralized. Also we can say that this count as they were tangible resources.
The next one is Human Resources which get focus in the functinalism of the employees in the company and how are they important for the company, also the consumer service and how contributors can offer customized solutions.
Financial Resources take place the organization y management of costs, cash, incomes and expenses at the longer time of sales. This resources are considered as tangible because the banks apply many tasks for does companies who are in several construct.
But the most difficult Resource to manage I think is the Intellectual Resorces because this is focused on the nonphysical and intangible resources, this is the brain of the ideology that the company try to apply on their methods of sales. Also this involves the motivation and positive decisions of the employments to make grow up the company. Another important aspect and difficult to find in many profiles of sellers is the intellectual talent or skill of sale of the employees that gives to their business the idea of a propositive concept to their products and offers. That's why, I choose it at the last one resource.
As well as considering all the points, It is important to emphasize that according to the key resources mentioned above, as defined and its powers, every company must comply with these standards in order to maintain a pronounced balance between its sales methods with its customers. On the other hand, it is very essential to clarify that managing a business is not the same as managing a company.
According with Laburu Consulting (2019) “Business is that term that associates the activity, method or system in which you obtain profits and change of goals and services, and by other way, a Company make a similar job but with more requirements, permissions and a function constantly”. So it's fundamental to understand that not all the the entrepreneurs have does different a ideas and without this ideology, we can finally mention that the resources announced at last, were the ones who the company need to take care an establish balance in each one, to make it their capabilities satisfactorily.
Resources:
Lauburu Consulting. (2019). “Business or Company?. Do you know the Difference?”. 2021, de Vite Marketing Sitio web: https://lauburuconsulting.com/negocio-empresa-conoces-la-diferencia/
Hitesh Bhasin. (2019). “Four Types of Business Resources”. 2021, de Marketing91 Sitio web: https://www.marketing91.com/four-types-of-business-resources/
Andrea Lopez
ResponderBorrarI think that the most difficult resource to manage is the human resources.
First of all, what is human resources? Human resources is the set of people who make up the workforce of an organization, business sector, industry, or economy.
Why is this resource the most difficult to manage? Human resource management is a branch of management which focuses the managerial activities for the overall management of human resources of the organization. According to Gary Dessler ʺHuman resource management is the policies and practices involved in carrying out the ʺpeopleʺ or human resources aspect of a management position.
human resource management is the process of carrying out the different activities including acquisition, development, utilization and maintenance of the human resources of the organization for achieving the desired goals efficiently and effectively.
Many public enterprises have become insolvent because of inefficient workforce, mismanagement, political interference in human resource management. I do know the organizations whose growth has been partly stopped or severely affected because they could not maintain an efficient and enthusiastic labor force. Managing people needs understanding human behaviour, their psychology and act accordingly which is a rigorous process. Managing them is becoming challenging day by day because of various reasons.
Embracing change with grace and ease, this makes the large responsibility of adapting employees for change, one of the most recurring challenges faced by HR professionals. Human resources are tasked not only with managing employee morale, happiness, and cooperation through change but also with constantly upskilling employees to meet the changing needs of the business.
human resource challenges, like managing diverse cultures in a local team. While adhering to local policies and procedures, HR must also create a workplace that is comfortable, welcoming, and free of conflict – for everyone.
Human resources. (2019, 24 marzo). human resources. https://www.thebalancecareers.com/what-is-a-human-resource-1918144
The top 7 Human Resource challenges and how to face them. (2017, noviembre 30). Efrontlearning.com. https://www.efrontlearning.com/blog/2017/11/top-7-human-resource-challenges-solutions.html
Com.np. Recuperado el 26 de agosto de 2021, de http://www.bhattag.com.np/text/Question_Answerrs_Hrm.pdf
FER ESCALANTE SALOMÓN
ResponderBorrarI think that financial management is first of all there can be external factors such as a full in customer sentiment
My first argument is that there can be difficult accessing finance or increasing interest rates.And they can be caused by internal factors like Poor risk management
And some of the problems of financial management in public understandings are as follows like lack of proper planning
Cost of capital problems like pricing problems like surpluses racing loans and delegation of authority that examples are also another argument
And there is an example like basic necessities overload like basic living necessities are no longer basic like when you didn’t have cell phones basic cable Internet connections computer and software upgrades being to stay connected to most of your family and friends but now can you imagine functioning in your job or a family without many of the services and how much are all those basic necessities like now in virtual classes we need of that things
And my last argument are examples like
You can’t get out from under cad payments
You carry a credit card balance every month
Your rent keeps going
A new baby brings unexpected costs
Medical care
King, S. (s/f). Top financial issues small businesses have and how to fix them. Growthforce.com. Recuperado el 26 de agosto de 2021, de https://www.growthforce.com/blog/top-financial-issues-smbs-continue-to-have-and-how-to-fix-them
Ten common financial challenges. (s/f). Oklahomacentral.creditunion. Recuperado el 26 de agosto de 2021, de https://www.oklahomacentral.creditunion/Ten-Common-Financial-Challenges
B) From all the resources mentioned, which one do you consider is the most difficult to manage and why? Provide at least 4 arguments.
ResponderBorrarAfter a lot of research in my personal opinion the most difficult resort to manage is “intelectual resources”, for starters intelectual resources are the types of business resources which are nonphysical and intangible in nature like patents of the product, this means that they help in creating wealth but more important they help producing high valued assets. Intellectual capital in a business includes the wealth of the ideas and the ability for innovation which highly determines the future of the business.
As I mentioned before intellectual capital is what mantains a business running, the problem is that with more businesses uprising it get harder to create new ideas therefore companies start stealing and copying other companies ideas and for companies protecting the new strategies gets harder.
Another thing that makes intelectual resources so important is the philosophy they follow that’s called “happy employe, happy costumer” which consists on keeping the employees of the business in good conditions this means good salaries, great environment and basically having employees with the right conditions, this theory is based on the theory that happy employees will actually like the work therefore they will give a good service to customers, although it’s a great philosophy putting it at practice will actually get more difficult, keeping employees happy means one main thing and that is more financial income spent in employee quality but long term it has shown to be really effective, a great example is “apple” they have applied this philosophy for many many years and right now this company is number one worldwide selling phones.
Lastly something really important that intellectual resources handle is partnernships which now days is something of the most valuables things a business has, they increase knowledge, opportunities, and losing even one partnership could change all the course of the company.
For this main reasons I consider intelectual resources the most difficult to manage and the most important because without the unique advantages that this resource offers to the organization the business would basically collapse.
Abdulaali, A. R. (2018, 9 noviembre). The Impact of Intellectual Capital on Business Organization. Academy of Accounting and Financial Studies Journal. https://www.abacademies.org/articles/the-impact-of-intellectual-capital-on-business-organization-7630.html
The Key to Happy Customers? Happy Employees. (2019, 19 agosto). Harvard Business Review. https://hbr.org/2019/08/the-key-to-happy-customers-happy-employees
Bhasin, H. (2019, 20 marzo). Four Types of Business Resources. Marketing91. https://www.marketing91.com/four-types-of-business-resources/
Ana Paola Andrade Huerta Amazon is one of the most valuable companies of the world and the biggest internet company by revenue ever. It is a great example of getting positive outcomes by managing their resources in a successful way. This is how they deal with each of them.
ResponderBorrarPhysical Resources
Amazon deals with 3 main physical resources.
• Fulfillment centers (warehouses), and supply chain automation.
• Technological infrastructure, being crucial for its everyday business model.
• Its online platform infrastructure by its software engineers and attractive product sales.
Human Resources
Amazon succeeds because it attracts and hires the most capable individuals from all over the world. They seek to be most, they don’t claim to be. They quote “Leaders do not believe their or their team’s body odor smells of perfume.” like a metaphor.
Intellectual Resources
Amazon works from the perspective of the customer to come up with ideas that generate value. They work with a Six-pagers, that present and answer in excruciating detail the who, what, when, where and why of a product or service.
And takes advantage of the internal press release by using language to analyze the company and advance personal beliefs, educate others and command an audience.
Financial Resources
The way of Amazon making money is through retail, subscriptions, and web services, among other channels. They provide financial services institutions across banking, payments, capital markets, and insurance the secure, resilient global cloud infrastructure and services they need to differentiate and adapt.
References
Tucker, R. (2018, 1 noviembre). How Does Amazon Do It? Five Critical Factors That Explain Amazon’s Incredible Success. Forbes. https://www.forbes.com/sites/robertbtucker/2018/11/01/how-does-amazon-do-it-five-critical-factors-that-explain-amazons-incredible-success/?sh=1a718a6541b9
McCracken, H. (2019, 12 abril). These are Amazon’s 38 rules for success. Fast Company. https://www.fastcompany.com/90334069/these-are-amazons-38-rules-for-success
AWS. (s. f.). Financial Services - Amazon Web Services. Amazon Web Services, Inc. Recuperado 26 de agosto de 2021, de https://aws.amazon.com/financial-services/
Bhasin, H. (2019, 20 marzo). Four Types of Business Resources. Marketing91. https://www.marketing91.com/four-types-of-business-resources/
Mauricio Ampudia González
ResponderBorrarAnswer of: B) From all the resources mentioned, which one do you consider is the most difficult to manage and why? Provide at least 4 arguments.
According to key resources, Hitesh Bhasin (2019) mentioned that "to build the foundation of a company, the aspect is also very important. This is the most difficult fact to manage and manage in a company. It can be a company or an organization. . It can be tangible or intangible resources. Any of them.
We have material resources, which are those that respond to the utilitarian things of the company, the inventory of products and equipment in its centralized manufacturing process. We can also say that this can be considered as a tangible resource.
Next is the human resources department, which focuses on the operation and importance of employees in the company, as well as customer service and how employees provide personalized solutions.
Financial resources refer to the organization and management of costs of sales, finance, income and expenses over the long term. These resources are considered tangible because banks have performed many tasks for companies in various structures.
But I think the most difficult resource to manage is intelligence because it focuses on non-material and intangible resources, and it is the ideological brain that the company is trying to apply in its sales methods. It also involves motivating employees and actively making decisions to promote the company's development. Another important and hard-to-find aspect of many salesperson profiles is the employee's intelligence or sales skills, which enable your company to provide a useful concept for its products and offerings. So I choose it as a last resort.
In addition to considering all points, it is important to note that based on the key resources and capabilities defined above, each company must adhere to these standards to maintain a clear balance between their sales methods and their customers. On the other hand, it should be clarified that management companies are different from management companies.
According to Laburu Consulting (2019), "Business is a term related to activities, methods or systems that make profits and change goals and services. On the other hand, companies perform similar tasks, but have more requirements, permissions and a the function is constant ". Then it must be understood that not all entrepreneurs have different ideas, if there is no such ideology, we can finally say that the last announced resource is that the company needs to establish a balance in all and make its capacity satisfactory.
1. As I said later, the vast majority depends on the people they depend on the people who work there, that's where the complications come from if the staff is demotivated due to a difficult moment or sector in the company.
ResponderBorrar2. Making Objective and Legally Defensible Layoffs In an economic downturn, layoffs are one of the most difficult tasks HR leaders face. The layoffs are a major blow to company morale. However, in today's turbulent business environment, marked by turbulent markets, fierce competition, and rapid technological progress, it may be necessary to lay off employees to maintain business operations.
3. Make remote work operational, The economic recession, social unrest and the global health crisis have caused a sudden shift to telecommuting and led to a mental health crisis, which has changed the way the human resources department works. As 2020 approaches, HR leaders must move from response to resilience and develop strategic plans for future work, no matter what.
4. Operating efficiency
Flatten the hierarchy and enhance decision-making.
Implement new technology tools, such as online skills tests and on-demand video interviews.
Development of a process to reallocate talents based on a verified skill set.
References:
Top 4 Challenges Faced by Human Resources Professionals. (2015, September 23). Roberthalf.com. https://www.roberthalf.com/blog/management-tips/top-4-challenges-faced-by-human-resources-professionals
Why are human resources more difficult to manage than other resources? – John . E. Smith. Quora. (2021). Quora.com. https://www.quora.com/Why-are-human-resources-more-difficult-to-manage-than-other-resources
Alejandra Martínez Erosa
ResponderBorrarB) From all the resources mentioned, which one do you consider is the most difficult to manage and why? Provide at least 4 arguments.
In my opinion, the human resources area is the most difficult to handle because it's hard to get the cooperation, energy, and commitment of a large group of employees.
The value of the human resources department helps to achieve the strategic goals of companies and to improve their efficiency and effectiveness, it is also made up of people, and its success or failure is the result of the effort of the humans that compose it.
Finding the right candidate for the leadership position with the program requirements in mind and training the candidate right so they are prepared to lead the team to success. Failure to find the right leader can significantly harm the company because the leader needs to know how to manage a team.
Till the date, achieving employee satisfaction is one of the most difficult tasks handled by the Human Resources Department, satisfaction is one's own and there cannot be a global process that ensures total satisfaction.
Innovation is a daily routine in today's world. It is essential that employees learn and adopt new technologies. If it does not adopt the latest technology or news in their fields, the company can even take risks, they must constantly train their employees and ensure that everyone is updated to not make mistakes.
References:
Top 17 Challenges Faced by Human Resource Management. (2019, May 10). Wifiattendance. https://www.wifiattendance.com/blog/challenges-human-resource-managemen-solutions/
Cruz Jiménez Joanna Neftaly
ResponderBorrarB) From all the resources mentioned, which one do you consider is the most difficult to manage and why? Provide at least 4 arguments.
As we know the financial resources are the ones that obtain the funds that the business needs to finance in their investments, capital and the activities they realize. With that brief explanation I think I can start saying my thoughts about this resource and why I also consider is the most difficult to manage.
I found this resource really interesting and also of great impact when we talk about starting a new business, because we need to know how to really invest and to cause a positive impact without regretting how much did you invert and if also did it work. With that said, I will begin to expose my arguments about my way of thinking about the subject.
1. Operating a succesful company comes with a lot of challenges that you need to encourage and with that you need to maintain the stability also. Nowadays with the pandemic, we are suffering and dealing with lack of cash flow and budgeting problems; so the point is that without the sufficent available capital, you can't afford to pay the bills that you invest with the objective to grow your business.
2. For small business is more troublesome, because they only have a limited cash flow to work with and invest, so if this doesn't work out it will be affect the capital and we come to the next outcome which is not raising enough capital. According to Nav’s Small Business American Dream Gap Report, and 82% of all the business owners surveyed didn’t know how to interpret their companies’ credit scores. The research also shows that individuals who have a better understanding of their business credit scores are 41% more likely to be approved for a loan.
3. You need to be really careful in how you use your funds, there are a lot of ways when it comes to funding a business, if you don't know a lot of the area you can get investors or lenders to fund, or fund everything out of the pocket which is called "bootstrapping". This same has its advantages, but in turn it can make you find yourself in a financial bind very quickly.
4. We need also to take notes on the unnecesary expenditure, this is issue most businesses with financial problems have in common. When we first start a company we want to fancy and succesful even is we aren't. We need to really take care of the money, and not to spend it in things that won't help to grow as a company.
Resources:
Batchelor, M. (2019, October 23). The most common causes of finance problems in business. CEOWORLD magazine. https://ceoworld.biz/2018/11/22/the-most-common-causes-of-finance-problems-in-business/.
Beaver, S. (2020, September 25). Small business advice: Overcoming financial challenges. Oracle NetSuite. https://www.netsuite.com/portal/resource/articles/business-strategy/small-business-financial-challenges.shtml.
ISABELLA ESTRADA SALAZAR
ResponderBorrarAnswering the question that from the resources which one do I consider is the most difficult to manage, in my point of view the most tough ones are the physical resources because they typically require a significant outlay of capital.
But first let me explain what are the physical resources of business include all the tangible resources owned and used by a company such as land, manufacturing equipment and office equipment. Efficient management of physical resources is an important consideration in any business becasue the business needs to ensure the equipment are correctly fitted and products are highly standard so that the business increases sales. If the business fails to do so it can lead to loss of customers waste of products and failure of business. Bteer quality resources will enhance the quality of the good/service supporting differentiation. However better quality resources will come at a cost and therefore this needs to be balanced within the marketing mix that is going to be used to reflect the target market. For me, despite the money that it implies to manage and carry out a successful business, you need a lot of determination and commitment since it will not be easy for you and of course there will be times when you think that you are not advancing or you are not achieving anything, but in me opinion if you keep trying and if maybe something did not work for you change the strategy but continue with the same objective.
Staff Writer. (March 27, 2020). What Are the Physical Resources of a Business?. 25/08/2021, de REF Sitio web: https://www.reference.com/business-finance/physical-resources-business-c618de7d0f07dc36
(2019). Business studies . 25/08/2021, de Weebly Sitio web: https://mrshearingbusinessstudies.weebly.com/e2-physical-resources.html
A). Space X is a relatively new Company and one of the first on the private space exploration industry, this company has already achieved tremendous things, a few of those is being the first space company to successfully land and re-use first and second stage rockets which in consequences helped reduce the cost per kg to send to the space and it’s also the first to carry astronauts to the International Space Station.
ResponderBorrarA huge part of the success of Space x is all the employees that have worked there during the development of the different rockets and technologies, Space x also has a lot of patents that has prevent their competitors to copy their technologies making their progress difference a lot bigger.
Space X CEO Elon Musk has applied one of the best marketing techniques he could possibly have, that being Attention, Elon Musk is expert on drawing attention to his business and himself by doing unique things like launching a Tesla car(one of Elon musk companies) to the space on a Space X falcon 9 Rocket.
B). All of the resources are vital for the functioning of the company but one that is absolutely key is the Human Resources, the talent and experience that an employee can provide to the company is what makes the differences between an on edge of competition company and one that stays behind and can’t catch up, this is why space X has a lot of experience engeeniers, software developers and aero space aviation experts.
Mariana Mota
ResponderBorrarB) From all the resources mentioned, which one do you consider is the most difficult to manage and why? Provide at least 4 arguments.
After reading each source I think the most difficult one would be physical resources.
Physical resources are material things that are needed or necessary for a business that could be land, manufacturing, vehicles ,equipment, etc.
At the beginning of developing a business you would need certain materials to start the work, the problem is that when you are starting there is not a lot of money to start buying everything that you need to keep your business working. This can end in bankruptcy or with depth.
Now days technology is advancing quickly which means new equipment or machines keep getting better, this can affect some business that don’t have the money to spent on these new machines. Because if other companies do get those new materials they will let everyone behind.
Also when machines are old they stop working or sometimes they are delicate and with the minor thing they wont be useful anymore, this means that business need to keep spending money in this materials and they need to know when they need to replace those machines.
After spending money in buying equipment, facilities, land, etc. You still need to give them maintenance like cleaning or updating them.
Writer, S. (2020, 27 marzo). What Are the Physical Resources of a Business? Business. https://www.reference.com/business-finance/physical-resources-business-c618de7d0f07dc36
Rao, S. R. (2007, 1 octubre). Physical and Financial Resources. Physical Resources. https://www.citeman.com/2186-physical-and-financial-resources.html
ResponderBorrarSantiago Recio Riesco
B) The most difficult of the key resources is the intellectual one.
-you require very creative people to design new solutions for the problems we have.
-Because you are innovating, it costs a lot and you don’t have necessarily the money you need to finish your solution.
-Also, you could be ahead of our time and the technology you need to get your solution is not invented yet, or you have trouble getting it.
-Those few people who are smart enough to came up with new ideas, are being hired from big companies, or they are making their companies, so you´d be short staff on this.
Gerardo Ortiz
ResponderBorrarA) Use as an example one organization that have use successfully the resources, what are the positive aspects that they apply in order to have an excellent outcome?
Costco
The key to Costco's success is its culture. The award that Costco and Costco Travel claim was written in articles by various publishers, including Bloomberg. Everyone who works there is important to the company. A business analyst is responsible for making changes to the business by developing detailed business requirements and process diagrams, as well as other appropriately standardized methods of analysis. The selected candidate will participate in the implementation of the program. The business analyst will support multiple clients and stakeholders throughout the project lifecycle to achieve business benefits and define a set of business requirements that can be translated into valuable business solutions and technology systems. Costco sells high quality products in a good price because they buy those products directly to the seller in a big mass, so if a product costs for example 100$ single, Costco will buy that same product at 90$ because Costco buy a big mass of that product. Costco sells some things to only attract people to go to the place also in some of their establishments they sell gas, but they sell gas not thinking that it will be a good business, they sell gas thinking some people will feel attracted to go there and buy something.
References:
https://www.smartrecruiters.com/CostcoTravel/85007229-business-analyst
https://fourweekmba.com/costco-business-model/
Marijose Diaz Haas
ResponderBorrarA) Use as an example one organization that have use successfully the resources, what are the positive aspects that they apply in order to have an excellent outcome?
Digital Marketing or Online Marketing is the set of strategies aimed at the electronic communication and marketing of products and services. It is one of the main ways available for companies to communicate with the public in a direct, personalized way and at the right time. Philip Kotler is considered the father of Marketing, and defines it as "The social process from which people and groups of people satisfy desires and needs with the creation, offer and free negotiation of products and services of value with others."
However, the ways of making that happen change almost daily. That is why, currently, it is impossible to talk about marketing and ignore that more than half of the world's population has access to the Internet and that until 2021 there will be 2.3 billion digital consumers. This explains why Digital Marketing is the most prominent way of doing and conceptualizing marketing at the moment. The term is used to summarize all your marketing efforts in the online environment. Using digital channels, such as blogs, sites, search engines, social media, emails and others, companies try to solve ailments and desires of their customers and potential customers.
More and more the user has power in their consumption journey, both in terms of content and the interactions they make with brands. That is why the concept in question has been so relevant in company strategies. From performance to visual design, web pages have to be structured to create a pleasant browsing experience, which will retain the user for longer. In fact, a TopTotal report provided the data that 88% of visitors would not interact with a website again after a bad browsing experience. That is, if your pages take a long time to load or pollute the screen with spam ads, you will be missing real opportunities to convert your users into business opportunities.
Customer loyalty is all those actions and strategies that seek to provoke, through marketing practices, that customers return to consume products and services that they have already purchased.
This has multiple benefits in addition to the evident increase in the company's sales, such as:
retain customers;lower customer acquisition costs; obtain more resources to cover expenses or generate new business opportunities; become an authority in the area; get data from loyal customers to be more competitive; that users become ambassadors and propagators of the brand. All this is possible thanks to loyalty strategies and programs that, in addition to offering quality products and services, seek to reward customers and give them unconditional support.
BIBLIOGRAPHIC REFERENCES:
KIKE WHARITE / FECHA / 02-02-2020 / NEW BUSSINES
https://es.bab.la/diccionario/ingles-espanol/business
https://business.pinterest.com/es/
Fer Martinez Jaime
ResponderBorrarTo create a business, you need to focus on 4 resources:
1. Physical Resources
2. Human Resources
3. Intellectual Resources
4. Financial Resources
Analyzing all the resources, I think that the most difficult to manage is the intellectual resource, since the intellectual capital today must be taken as an intangible asset necessary to develop services and provide consumer goods, since an organization will be able to count with the more advanced equipment and technologies, but if their intellectual and human capital is not performed efficiently and effectively, they will never succeed in their mission, or achieve the objectives for which it was created or not meet a social need of the individuals who seek it. This is complicated, since not all of us have developed a certain intellectual level that allows us to think about all the factors to create a business since, it takes a lot of concentration and dedication.
Intellectual capacity is considered a talent that is very useful in business.
This resource is necessary to create strategies, identify, determine, audit, measure, renew, increase. These skills are essential to developing a good business and achieving success.
The personal and individuals who work in businesses are the main holders of intellectual resources.
Why? Because they are the ones who create the business and the ideas and they are also the ones who serve and interact with customers, since a happy employee makes a happy customer and this makes your business more successful and attract more customers, this is difficult because not all workers have the talent and brainpower to deal with customers and make them happy.
In conclusion, the intellectual resource is essential to create a business, since without the intellectual capacity the business has no basis, this capacity is useful for create the idea,
since the business has to be something innovative and original, it is also needed to create the business development and useful strategies to achieve a good development, also in the financial ambit, even in the workers and client’s ambit.
Intellectual resources cover all the factors in a business they are the most difficult to manage, in my opinion.
Bhasin, H. (2019, 20 marzo). Four Types of Business Resources. Marketing91. https://www.marketing91.com/four-types-of-business-resources/
Abdulaali, A. R. (2018, 9 noviembre). The Impact of Intellectual Capital on Business Organization. Academy of Accounting and Financial Studies Journal. https://www.abacademies.org/articles/the-impact-of-intellectual-capital-on-business-organization-7630.html
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