Chapter 3 Resource mobilization Class 11 (HSEB/NEB)

                                                                  CHAPTER 3

RESOURCE MOBILIZATION

 

Business Resources are the input essential to accomplish pre-set objectives and operating businesses effectively and efficiently. the major resources are financial physical, human, and informational.

 

Financial Resources

Financial researchers are monetary resources that can purchase or acquire other resources. The various types of financial resources are;

1.     Share equity capital

2.     deft capital

3.     fixed capital

4.     working capital

5.     venture capital

6.     mutual fund

7.     crowd cloud funding

 

1. Share Equity Capital: When a company wants to raise money, it can sell shares to people who become part-owners. These owners have a say in company decisions and can receive a share of the profits.

 

2. Debt Capital: Sometimes, a company or person needs to borrow money. Debt capital is the money borrowed from lenders that must be paid back with interest within a specific time.

 

3. Fixed Capital: This is money used to buy things a company needs for a long time, like buildings and equipment. These things help the company make products or provide services.

 

4. Working Capital: Companies need money to pay for their everyday expenses like buying supplies and paying employees. Working capital is the money used for these day-to-day operations.

 

5. Venture Capital: When a new or fast-growing company needs a lot of money, venture capitalists invest in them. These investors become part-owners of the company and provide money and advice to help it grow.

 

6. Mutual Fund: A mutual fund is like a big pool of money collected from many people. It is managed by professionals who use the money to buy different investments like stocks and bonds. Investors own a share of the mutual fund and make money when the assets do well.

 

7. Crowdfunding: Crowdfunding is when many people give small amounts of money to support a project or business idea. It usually happens online, and in return for their support, people may get a reward or a stake in the project's success.

 

Physical Resources

Physical resources are the tangible assets like land building, machinery, furniture, and features, and vehicles essential to operate a business firm.

1.     Land and building

2.     Machinery and parts

3.     Furniture and fixtures

 

1. Land and Building: This refers to the physical space, such as the plot of land and the buildings constructed on it, where a business operates.

 

2. Machinery and Parts: These are the tools, equipment, and mechanical devices used in a business to produce goods or provide services.

 

3. Furniture and Fixtures: These are movable items like desks, chairs, shelves, and other furnishings that make a business space functional and comfortable for employees and customers.

 

Human Resources

Human resources include the knowledge skill wisdom attitude and potential of the people working in the organization. The major functions of human resource management are Explain down below;

1.    Recruitment

2.    Selection

3.    Retention

 

1. Recruitment: This is the process of finding and attracting suitable candidates to fill job positions within an organization.

 

2. Selection: This involves assessing and choosing the most qualified candidates from the pool of applicants, considering their skills, experience, and fit for the job.

 

3. Retention: It focuses on creating strategies and implementing measures to keep valuable employees in the organization for a more extended period, such as providing growth opportunities, recognition, and a positive work environment.

 

Information Resources

Information Resources are such knowledge data or facts on customers suppliers’ government competition and the public at large that support making a sound decision in business. The following RB major aspect of international resource;

1.    Internet

2.    Intranet

3.    Extranet

 

1. Internet: It's a global network of computers that provides access to a vast amount of information, allowing businesses to gather data, research, and connect with customers, suppliers and the public worldwide.

 

2. Intranet: It's a private network within an organization that enables employees to share information, collaborate, and access company resources like internal documents and communication tools.

 

3. Extranet: It's a network that allows selected external parties, such as suppliers or clients, to access specific information and resources of an organization, facilitating communication and collaboration beyond the company's boundaries.