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When looking at resources which are technological, there are many improvements that can be made in a business. Technological resources would not be hardware; they would fall under the category of software. They are managed in similar ways to other resources to ensure that they are not damaged, and if there is a newer version an update can be made. Intellectual property is the right in which people can own idea’s and decide what happens to them. This is similar to having a patent to an idea or an item, where the person will decide what will happen to the item or ideas.

The longer that people work in a job, or different jobs they will start to gain accumulated experience, they will start to learn how to deal with certain issues that may come up in their job. This is a major benefit to the company, as more and more people stay at the company, gradually gaining more experience. The people with experience will be placed as mangers so that they can have an influence on their own sector or department. It is very important for the organisation to build up the skills of peoples so that they can deal with certain issues that arise in the business.

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It would be wise to train more then a few people at certain things, for instance in their absence, there should be somebody to handle that specific area. If an experienced person was to leave the organisation it would be hard to find another person that would be able to fulfil that job role with the same amount of skill as the previous person. Cascading training is the process in which training is passed on throughout the workforce, so that a backup is available when another individual is needed. Software is used in businesses a lot, and the businesses spend a lot of money on software for its business.

Specially made software is sometimes very important to businesses; the reason for this is because it is a piece of software that is specifically designed for a business. Software that isn’t specially made, but owned by people is also used, and to use these businesses must pay a fee for the software license so that they can distribute it to all of their stores. When companies buy these licenses, they usually get a discount due to the amount of computers that they wish to install the software onto.

Some companies run the software on more computers they claim to be, and in these cases they are breaking the law, although this can work both ways, as the companies can charge too much. Software reviews can save a vast amount of money for the company, to see which computers need new software and which don’t. Using legislation to protect the technological resources of the company is very important although it is always hard to tell whether people have taken your idea, it is always hard to find the perpetrators.

Patents and Copyrights are different area’s which fall under intellectual property law. Patents are protection for inventions, new or improved. Evaluation of Physical Resources: When looking at the physical resources of business, businesses should look at the procedures that it undertakes to carry out its activities. Improvements can be made to make sure that these resources are maintained, refurbished and secured. All businesses need premises where they can operate from. These buildings can have a strong affect on the people that either work there, or the customers of the company.

Having buildings located in strong economic areas is also very important for the business, so that many people will be attracted to it, as well as see it as an important building in the area. Importance of how businesses layout their stores all over the country, no doubts show in its success. Businesses have to find ways into attracting the attention of the customers. In businesses that deal with clothing, shoes or accessories, they would need to be aesthetically pleasing to the customers, being attracted to the building will naturally result in them proceeding into the building.

Improvements should be made in the materials and waste in businesses. Undoubtedly this would both save the economy as well as money for the business. Different types of buildings within each business will all need to cope with different activities that will need to be completed. The plant will be the place where the machinery for these places will be placed. Although some companies take there machinery on lease, some businesses see it as best to buy the machinery as they can be used in the long run. The correct equipment is essential for a business to operate smoothly.

If the necessary equipment is not given then this can result in the incompletion of the task which was required, this can have more impact on the company then some may think. IT is one of the most important, many businesses fail without it. Businesses must consist of both hardware and software, which carry out their main jobs of looking after the amount of stock in the stores, the day’s cash intake, and many other important functions that the company needs. Hardware is the physical items, computers, monitors, things that are visible to people. Software would be the systems that the computer runs on, Microsoft and other applications.

All of the factories will always have their premises checked. If the correct maintenance does not take place then the machinery or the buildings can break down, leading to much more large cost with replacing them. Cleaning of the buildings is important in keeping it safe to work in and healthy for the people who work there. Refurbishment of the company consists when the company seems to want to change the appearance of their stores whether it is to the customers in the stores, or for the workers in the other associated buildings. Keeping the buildings fresh will encourage people to enjoy their workplace and result in people working harder.

Refurbishment can also have an impact on the environment as well as people, as old resources can be replaced with eco-friendly or energy saving ones. To ensure that the workers and the customers are safe at all times Emergency Provisions will be there in case of an emergency. Evacuation training must be given to all of the employees, so that they know exactly what to do in case of a fire or any other incidence. Other equipment to prevent harm will be placed in the store, such as, fire alarms, smoke detectors, fire escapes and fire extinguishers. To ensure that these are working at all times, regular checks will need to be made.

Insurance is a must with all building, whether there leased or owned by the company. This is to cover any damages. Protecting the assets of the company is very important because if any of these were vandalised, they can claim the damage costs back. The building must be made secured at all times, when the employees finish their shift at night; they must lock the premises up so that no intruder can enter. Although this is not always the case, people still somehow find a way in, this is why security guards are hired. The company can also get advice from big security companies about how they can keep their business locked and secure.

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