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Essay Unit 2 Business Resources p3 p4
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This is an elaboration of unit 2 business resources p3 p4
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P3. Describe the main physical and technological resources.1. give a general explanation of what is meant with physical and technological
resources.
Physical and technological resources are both very important to be managed in an
organisation. Physical resources are the tangible resources. That carry out activities,
like the building of a company, materials, security etc. Technological resources are
the intangible resources such as software, intellectual property, accumulated
experience and skills etc.
2. Mention 4 physical and 2 technological resources that are required for H&M.
Physical resources
o Buildings and facilities
o Materials and waste
o Emergency provision
o Security
BTEC Nationals in Business, Unit 2 Business Resources, Cohort 2019-2020
1
, Technological resources
o Intellectual property
o Accumulated experience and skills
(I couldn’t find a picture that relates to H&M)
3. Describe the purpose of each physical and technological resource of the
previous question.
Physical resources
o Buildings and facilities
A building has a important role for a business. The buildings can range
from a persons home to a tower block. For H&M the buildings are the
shops. H&M is a big company with good and affordable clothes. If a
customer walks by the shop they see the sign and will surely walk in to see
if there is anything they would like.
o Materials and waste
Materials are intangible resources that are used to make a specific product
like clothes and bags. That is why it’s used in H&M. If there are not any
materials to make clothes or bags, H&M wouldn’t exist.
o Emergency provision
It is obligated for companies to draw up policies and provisions of what
should happen in case of emergency. This could mean a training for
employees with clear instructions provided about what to do if something
happens. The building of a business must be provided with a fire alarm, fire
escapes and fire extinguishers. If you walk around a shop of H&M you can
spot signs that show where the emergency exists are and on the ceiling
there are sprinklers.
BTEC Nationals in Business, Unit 2 Business Resources, Cohort 2019-2020
2
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