Question

What is resources and how to develop our resources and how to waste your resources ??


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Answer 1

Answer:

A supply of something, a piece of equipment, etc. that is available for somebody to use. Trying to build resources can be frustrating. For example, take hiring: Suitable staff may be scarce, and you may have to fight your competitors for the limited number of good people. Even if you win that battle or you have no strong competitors, potential staff may be looking at other opportunities that have nothing to do with the market in which you operate. A customer service person at Ryanair could leave to work in a hotel or even to become a teacher, for example.

At least with staff, there may be a continuous stream of new talent coming onto the market. Many other resources are finite. Once everyone has a cell phone, for example, there is no one left to be won and sales efforts have to switch to upgrades and luring people away from rivals. Similarly, chain stores run out of new locations, airlines run out of good routes that passengers may want to fly, and so on. Examples of wastes of resources

Lights left on in empty rooms.

Lights on when there is sufficient daylight.

Doors and windows open allowing heat (cool air) to escape.

Appliances left on standby (even mobile phone chargers continue to use electricity when not in use)

Computers left on 24hours per day seven days a week.