TOPIC:

RESOURCES OF MANAGEMENT
BY: ELISA G. CHUA SPARK ACADEMY OF GLOBAL CITY

RESOURCES
The organization is where resources come together. Organizations use different resources to accomplish goals. The major resources used by organizations are often described as follows: (1) human resources the human resources function, the evaluator must assess the seven Rs of Recruitment, Retooling, Routing, Retaining, Reviewing, Rewarding and Recycling.

Recruitment is the proper selection and hiring of

people.

Retooling is the training and development practices of the organization. Routing is the proper assignment of people to the right
positions, jobs or tasks. It is also the proper career pathing and job enlargement of people.

Retaining focuses on the ability of the

organization to ensure that its people remain very productive and quite happy to be with the company.

Reviewing is the proper appraisal of people according to the

performance parameters set.

Rewarding is the proper compensation and recognition of the people. Recycling is the organizations ability to transfer or rotate its people to other meaningful jobs within the organization or to recycle them back to the outside world (i.e. retirement, retrenchment and and outplacement.
(2) financial resources -

 (2) Financial resources - are ones that are to do with how a business/company is being financed. Example of financial resources is: Bank loan, Mortgage, e.t.c. Financial resources is the availability of money in the form of cash, securities, creditors, loan facilities, etc possessed by a company * There are seven functions of Finance which can be classified according to the acronym of FINANCE.

 The first function is Financing or raising the monetary resources needed to fund the investments of the enterprise. The second function of Finance is Investing. The enterprise invests in assets which would allow the organization to achieve its vision. The third function of Finance is Negotiating for the best deals and securing the best terms and conditions on all investment and financing transactions. The fourth function of Finance is Administering the people resources and operation or control procedures including the accounting monitoring, cashiering, budgeting, planning, controlling, property keeping assigned to the Finance and Controllership department or division.

 The fifth function of Finance is Numbers gathering, recording, arranging, reporting and presenting. The sixth function of Finance is Cash Management. The seventh function of Finance is Evaluating the past, present and future performance of the enterprise.

 (3) Physical Resources are the resources that are made by man through his abilities and skill. The buildings, technology, and many more products that are made by man is an example of physical resources. This resource helps men daily activities become easy.
(IRM) A philosophical and practical approach to managing government information. Information is regarded as a valuable resources which should be managed like other resources, and should contribute directly to accomplishing organizational goals and objectives. IRM provides an integrated view for managing the entire life-cycle of information, from generation, to dissemination, to archiving and/or destruction, for maximizing the overall usefulness of information, and improving service delivery and program management.

 IRM views information and Information Technology as an integrating factor in the organization, that is, the variousorganisational positions that manage information are coordinated and work together toward common ends. Further, IRM looks for ways in which the management of information and the management of Information Technology are interrelated, and fosters that interrelationship and organizational integration. IRM includes the management of (1) the broad range of information resources, e.g., printed materials, electronic information, and microforms, (2) the various technologies and equipment that manipulate these resources, and (3) the people who generate, organize, and disseminate those resources. Overall the intent of IRM is to increase the usefulness of government information both to the government and to the public. Managers are responsible for acquiring and managing the resources to accomplish goals. The term management can be and often is used in several different ways. Mary Parker Follett, described management as "the art of getting things done through people. From Peter Drucker's viewpoint, managers give direction to their organizations, provide leadership, and decide how to use organizational resources to accomplish goals.

 Management is the attainment of organizational goals in an effective and efficient manner through planning, organizing, leading, and controlling organizational resources

There are two important ideas in this definition: (1) the four functions of planning, organizing, leading, and controlling and (2) the attainment of organization goals in an effective and efficient manner.

Thank you for listening!