unit p3 resub

UNIT 2- P3

Describe the main physical and technological resources required in the operation of a selected organisation and my selected organisation is a small local bakery called Carmeli’s Bakery.

When opening a small local bakery, the cost of everything can be costly and if not a lot of profit is made then this will be hard for small businesses. There are a lot of different factors to consider including technological and physical resources. Technological resources are intangible resources which are split into 4 areas which consist of software licenses, accumulated experiences and skills, intellectual property and property via patents and copyright. Physical resources are tangible resources that a business needs to maintain in order to carry out its activities. Examples of physical resources are premises, materials, equipment etc. Both technological and physical resources have to be managed extremely careful because they are essential in the business.

Technological Resources

Resources	Use	Cost of this
Intellectual Properties	The first technological resource is intellectual properties and this is having the right to own ideas including what happens to them and how often they are used or if they have permission to use them. An example of this is a patent, which is a product/service which is protected by anyone or any business who tries to company any business ideas. Another example of this is copyright which is a legal term that describes the rights a creator has over e.g. work, music. Having intellectual properties is important for a small business because it provides protection to the business and increases the bakery’s profits.	A patent in the UK=£3,000 Copyright for 5 years=£39.50 Copyright for 10 years=£65.00 As Carmeli's is a small local bakery they may not want to invest in buying 10 years’ worth as it’s only a small business which may not be running for 10 years so they don't want to take that risk.
Accumulated experience and skill	Having experience from those who have done a job for a long period of time. Businesses want to keep people who have experience and skills because these people help the business grow and they may get paid more to keep them however they need to make sure they build up everyone’s skills so they are not left short changed. This means employees build up skills over a period of time. This is used within a local bakery because it ensures staffs know the right stuff and have the knowledge to run the business. No one wants to employ staffs who don’t have any skills or any idea of the products they are selling. Especially being a shop that specialises in food, the staffs need to make sure they know all the hygiene rules and the difference between the foods. Employing staff can be difficult as you will have to pay each staff money before you make a profit. For a small bakery they will need around 3 staff including the owner.	Staff wage= £6.50 for 6 hours work
Software licenses	This is a legal agreement that specifies the terms of use for an application and defines the rights of the software produce and of the end-user. This is important in a bakery because without software licenses they wouldn’t be able to have any machines or systems because they wouldn’t get a license to have them. It is also important because none of the businesses systems would be compatible without software licenses.	Software licence for Carmeli;s= £100
Protection via patents and copyright	This is having protection using these protection factors. Some people may think it’s pointless though because it is difficult to prove that someone has stolen your idea.	Patent for Carmeli's for 1 year= £260 Copyright= £265

Physical Resources

Resources	Use	Cost of this
Location/space	As it is a small business it only needs a small space and has to be affordable as it is a local business therefore it is probably run by a family who may not have a lot of money to spend on the business until they make profit. It could also be someone’s home, office or etc. If they cannot afford to buy a building as that will be a cheaper option and may be able to negotiate the price or be able to pay it off in equal payments monthly etc. buildings need to have an area where customers can shop and a place where staff can cook the food. This applies for the bakery because there needs to be an area where you can cook the food as bakery food needs to be fresh otherwise no one would buy food that has been sitting on the shelf for 2 days. The location of the bakery is important when thinking about distribution and accessibility to customers to encourage buying and increase profits. The better and more central and busy the location is, the more expensive the store is going to be because people want a store which is in a busier place than not because it will get more business as a lot of people will walk past it and see it and maybe go in if they like the look of the outside.	A small store in a quite busy area would cost annum=£35,000
Materials and waste	The business needs to supply all the ingredients to make the food as well as providing a place to dispose all the waste. Some businesses can use recycles materials which are renewable where as other businesses use new materials or non-renewable materials such as oil, fuel. To make sure they dispose their waste effectively, they should place recycle bins in the bakery.	The 5 basic ingredients that a bakery needs are: sugar, milk, eggs, flour and butter. A big bag of sugar=£3.20. A large carton of milk=£1.50. A large carton of eggs= £2.50. A big bag of flour= £1.15. A large tub of butter= £3.30.
Equipment	Carmeli’s will need furniture. tables, chairs, stools etc. They will need utensils such as cutlery, plates, glasses, mugs etc. Furthermore, they will need cooking equipment to make all the food for the bakery such as ovens, toasters, fridges, freezer, counter etc. Along with that they need basic hygiene and safety equipment such as a toilet, sinks, soaps, antibacterial hand sanitisers etc. For the business to run they need equipment such as a telephone, computer, till etc. They will use a telephone to communicate with people as some people can’t always get to the store destination especially if it is a small local business. It is also important because customers can phone up the bakery and get enquires, place orders or ask any questions they have regarding the business via telephone which makes sales increase as if they didn't have a telephone they will lose sales because not everyone can access the local store. Computers help to transfer data to a spreadsheet to make it easy to access and clear to read and understand. Being a small business, a computer may not be necessary however, it is extremely useful and work investing in one as it will help a lot. It will help with things such as creating an online website, advertising online, creating marketing campaigns, creating questionnaires, surveys etc. The bakery will need to make sure they have an up-to-date till system or a computer system which is easy and clear for staff to use. The use of IT equipment can save a lot of time and also money as they will have to pay for a till upfront whereas with IT they won’t need to replace it after a while because you can just update the software. Also, this is good because it saves time if customers are in store and the till broke whereas the till won't break with the IT system. The business can also use the IT system not just for the till, but also to measure attendance of staff on a daily basis, how much stock they sold annually, achievements of staff etc.	2 computers= £800 2 tills= £132 A fridge= £129 A freezer= £84 40 plates= £160 40 mugs= £80 40 glasses= £100 40 sets of knifes and forks= £88 Soap/sanitizer= £9 Toilet= £110 Sink= £170 Toilet paper= £25 Napkins/paper towels= £30 Plenty more equipment costs...
Insurance	This protects businesses from losing money or possessions due to any type of events which could occur. There are various different types of insurances within a business which include; property insurance, legal insurance, employee insurance etc. The bakery would use all three of these types of insurances as they will have a property where the bakery is located, along with staff and employees. Businesses use insurance because it reduces the financial impact of risk to occur within the business. By having insurance it gives everyone in the business a sense of security and reliability because they are all protected if anything happens therefore businesses do not need to worry about the risk of having to pay a large amount to repair the business. Another benefit of having insurance is because in case of a horrific world event such as a flood, you are insured so you do not need to worry.	Insurance for 1 year= £2,500
Security alarms and locks	Some businesses invest in security cameras which focus on different views of the shop. Depending on how small the shop is this may not be necessary however, it is a very important thing to have to prevent stealing etc. By having cameras in the shop it gives the employees a sense of security and they can feel safe as they can feel relaxed because none will do anything because it is clear there are cameras facing different angles of the store. Moreover, the bakery could use the security cameras to monitor the staff and see how they are doing and what they are doing throughout the day. You will be able to see how professional the employees are and how they handle customer situations. This provides them with valuable feedback to talk about with their employees and if necessary, fire them.	1 security alarm= £550 2 security cameras= £110