In the business world, understanding business resources is crucial because it chooses an important role.
You must know what types, benefits, and understanding of business resources (SDU) are.
So, if you want to know more about what business resources are, let’s look at the full review below
Read Also : What is Financial Administration? Definition, Purpose, Duties, and Functions
Definition of Business Resources
Business resources are a requirement required by the company to realize or generate business opportunities (products or services).
SDU is also defined as all the resources a company has for its operational activities.
6 Types of Business Resources
In addition to knowing the meaning of SDU, you also need to know the types of SDU which are grouped as follows.
1. Man (Human)
In management science, the human factor is the main and most decisive factor.
This is because humans are the ones who set goals and carry out all the processes to achieve these goals.
So, if there is no one factor, the company’s goals will never be achieved even though other factors are available.
There are a number of factors that you should pay attention to when paying attention to human resources.
You must pay attention to organizational structure factors , job analysis, rules of duties and responsibilities, job requirements, and recruitment needs.
Read Also : What is Business Planning? Definition, Purpose, Types and Its Components
2. Money
The second type of SDU is money or money. Money is the capital needed to pay for the entire workforce owned by the company.
In addition, money is also needed to buy raw materials, transportation costs, pay for electricity, administrative costs and other company operational costs .
In essence, this type of SDU is needed by a company to finance business operational management activities , both for sales and production activities.
3. Material (Physical)
Materials are SDUs that can take the form of infrastructure or raw materials used by companies to achieve company goals.
So, what are the benefits of this one business resource planning?
The first benefit is that companies can standardize materials, such as in terms of size, quantity, brands and types of raw materials.
Apart from that, material business resource planning is also useful for identifying suppliers of raw materials that are suitable and have competitive prices.
Material SDU planning is also useful for calculating the cost of goods sold which will be sold by the company.
4. Machine (Technology)
Machinery or technology is also needed to convert raw materials into products that are ready to be sold.
If the company uses dancing technology or machines, then the company can compete with its competitors.
Therefore, machines are a crucial business resource in the production process, especially types of businesses that require tools or machines to produce products that are ready for sale.
As an example of business resources, if you have a business making videos on YouTube , then the tools needed are a DSLR camera, lens, camera tripod, and laptop.
5. Method
Methods are work procedures that companies use, either making products or managing other company resources.
The company’s management is responsible for the resources of this method.
If the work methods used are according to standards, work can run efficiently and effectively.
6. Market (Market)
Another type of business resource is the market or market. The market is a collection of sellers and buyers who make transactions for a service or product.
Marketing is a very important SDU because the products produced by a company must be resold in order to make a profit.
Marketing is also needed so that customers become interested in the products produced.
Market planning is also grouped into several types, such as based on gender, age, education level, profession, region, segmentation, and economic level.
Read Also : What is the meaning of Company Management? Definition, Functions, Levels, and Duties
4 Business Resources Group
There are 4 groups of business resources in business science, namely as follows.
1. Material Resources
Material resources are physical resources needed to carry out business activities.
In the industrial world, manufacturers or companies use groups of material resources according to the needs of each company, such as tools, machines, glass, iron, and so on.
2. Financial Resources
The next resource group is financial resources, which are resources in the form of funds (money).
Managing the company’s financial or financial resources must be very careful and the results must be accurate. If the company’s finances are considered quite complex, then the company must be prepared to invest using online accounting software so that the results are more accurate and effective.
3. Human Resources
Human resources are a group of individual resources in the form of management training and education.
Training or education provided by companies is usually based on data from the employee’s performance. In monitoring and managing employee data, the HR team in the company can use the online HRIS application .
4. Information Resources
Information resources are a group of information resources that are comprehensive and correct for the success of the business you are living in.
Read Also : What is the Meaning of Project Organizational Structure: Definition and Duties
Role and Function of Human Resources
Knowing the role and benefits of business resources is also important for you to know besides knowing business resources.
So, here is a review of the role and function of HR in a company.
1. As Labor
The workforce is the population who are of working age, namely between the ages of 15-64 years.
Not only that, workers are those who have the skills and abilities that can produce a service or product.
2. As Experts
The function and role of other human resources is as experts in a particular field.
By using technology, humans are considered as a form of competitive advantage in developing the economy.
3. As the Leader of the Company
Leadership is a process when humans influence the values, attitudes or actions of other people and have high dedication and enthusiasm.
So, if you want to be a good company leader, you need good interpersonal skills.
4. As Entrepreneurial Energy
HR also functions as an entrepreneur, namely people who can do work to produce products or services to meet consumer needs.
So, human resources in the company must involve themselves in the production process.
5. Creating and Developing Science and Technology
Human resources also function and play a role in creating and developing science and technology.
Science and technology are all matters related to knowledge of a particular field and arranged systematically.
The preparation of science and technology must use techniques in the production of goods and services as well as various types of other existing technologies.
6. HR As Producers
Production is an activity that makes goods or services more perfect and can add benefits or value to human needs.
So, producers are people who produce services or goods by adding value to these goods.
Read Also : What is the meaning of Inventory Recording Method: Definition, Benefits, and Types
7. Human Resources as Consumers
Consumption activities are consumer activities that use goods as a result of production, be it services or products.
In economic terms, consumption is the activity of using or using goods to meet their needs.
So, consumers are people who use and spend goods or services produced by companies for the needs of themselves or others and are not traded.
So, that’s a review of complete business resources and I hope this article can be useful for you.