The Role Of Management In Improving Performance Essay

541 Words 3 Pages
The Role Of Management In Improving Performance


Strategy is the path that an organisation chooses to pursue over the
long-term and to help congregate a successful business manoeuvre,
firms will use a composition of resources within a demanding situation
that will eventually cater for the needs and wants of the market and
to fulfil stakeholder expectations that that particular business
operates in. Johnson and Scholes defines that a successful strategy
employs efficient use of resources:

"Strategy is the direction and scope of an organisation over the
long-term which achieves advantage for the organisation through its
configuration of resources within a challenging environment, to meet
the
…show more content…
This type of resources will include the skills a business
possesses, whether or not the manpower have the adequate skills,
knowledge and experience to meet the needs of the chosen strategy,
whether the skills-base be stretched to meet new requirements. An
audit of human resources would include assessment of the following
factors:

Existing staffing resources: - Numbers of staff by function, location,
grade, experience, qualification, remuneration: Existing rate of
labour turnover ("natural wastage"): Overall standard of training and
specific training standards in key roles: the overall standard of
training and specific training standards in key roles

Changes required to resources: - What changes to the organisation of
the business are included in the strategy (e.g. change of location,
new locations, and new products): What incremental human resources are
required: How the firm should go about taking on additional staff;
alternatives include employment, outsourcing, joint ventures etc.)

Physical Resources

The category of…