Provide a conclusion for the following... DESCRIBE HOW EFFECTIVE AGRIBUSINESS MANAGERS LEVERAGE RESOURCES FOR EFFECTIVE AND EFFICIENT MANAGEMENT? In Agricultural Financial Management, 'Financial leverage', or 'gearing', refers to the use of the borrowed funds for additional asset acquisition. Hence, 'leverage" is largely used to expand farm operations, purchasing more operational machines and utilities. Hence, by utilising equity in an existing asset portfolio, there can be a purchase of additional land. For effective allocation of resources and funds, it is the role of agribusiness managers to integrate new technology in order to improve the operational efficiency and production level. This will also help them to cope up with increasing demand in the market. In addition, they must implement new technologies with business management skills to improve their economic efficiency. Grants and other subsidies provided by the government also help them improve operational efficiency. They can invest the fund in the new technology and equipment. In Agricultural Human Resources Management, managers are in charge of hiring employees, analysing the organization, framing strategies, allocating work and objectives to the employees etc. Managers carry out proper analysis in the organization in order to implement strategies in order to leverage resources. They also arrange workshops for the employees which provide them information on how the resources can be used effectively and efficiently. They help in framing training modules for the employees to improve their skillsets for enhancing their performance along with the efficient utilization of resources.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Provide a conclusion for the following...

DESCRIBE HOW EFFECTIVE AGRIBUSINESS MANAGERS LEVERAGE RESOURCES FOR EFFECTIVE AND EFFICIENT MANAGEMENT?

In Agricultural Financial Management, 'Financial leverage', or 'gearing', refers to the use of the borrowed funds for additional asset acquisition. Hence, 'leverage" is largely used to expand farm operations, purchasing more operational machines and utilities. Hence, by utilising equity in an existing asset portfolio, there can be a purchase of additional land. For effective allocation of resources and funds, it is the role of agribusiness managers to integrate new technology in order to improve the operational efficiency and production level. This will also help them to cope up with increasing demand in the market. In addition, they must implement new technologies with business management skills to improve their economic efficiency. Grants and other subsidies provided by the government also help them improve operational efficiency. They can invest the fund in the new technology and equipment.

In Agricultural Human Resources Management, managers are in charge of hiring employees, analysing the organization, framing strategies, allocating work and objectives to the employees etc. Managers carry out proper analysis in the organization in order to implement strategies in order to leverage resources. They also arrange workshops for the employees which provide them information on how the resources can be used effectively and efficiently. They help in framing training modules for the employees to improve their skillsets for enhancing their performance along with the efficient utilization of resources.

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