1. Explain various problems related to managing resources? 5

Problems Related to Managing Resources

It is difficult to predict the problems that one might have in the future, but it is possible to think ahead and try to create conditions that would tackle any problem that may occur. The problems that are related to managing of raw material resources and machinery are:

Cost

The cost of raw materials and machinery could vary. Higher quality raw materials or certain raw materials cost more and a bulk purchase could be taxing, as well as latest technological improvements create new technology that make the work easier, but the machines would be expensive and need to be worth the purchase.

Availability

Some raw materials might need to be exported from another state or country, or might be seasonal. Their availability might be limited and, therefore, the cost for these would also increase.The production can be halted if they are not sufficient or not available.

Therefore, it is important to have more than one sources, and to stock the materials properly to avoid damage, or use materials that are easily available.

With machines, the availability issue might arise if a certain component of the machinery has broken down, and that part is not available due to the newer products in the market, or if the machine has recently come out and only a limited number of them have been produced.

Maintenance

Raw materials, specially the kinds that can be consumed even before production, usually come with an expiration date. They can be easily damaged and can be subjected to fungus, bacteria, and other problems that would lead it to rot and thus make it unsuitable for use.

Therefore, it is important to store them properly and in the conditions prescribed for their storage. It is also necessary to check if they are of the right quality, and match the standards that are set by the government and by the previous productions.

Inconsistency in the quality of the product could give the company a bad name. For machinery, it is important to regularly maintain and oil them, and also clean them to ensure that there are no sudden breakdowns.

The weak parts must be replaced and if any part of the machine is causing a problem in production, it must be immediately replaced.

Sources and Trained Use

The company must ensure it has more than one source of raw materials, or at least a reliable source

that does not leave them in trouble mid-way.

The hiring of employees that would work in the storage of materials, handle its transformation, and the machines, should be done after confirming that they can handle the materials and the machines and can be trusted with the various factors of productions.

When it comes to handling resources and managing them, it is essential to plan ahead and have every aspect of them (from the ordering of materials to the delivery and the use of them) critically analysed and reviewed.

For this, planning of the amount of resources required is important. This would ensure that there is no waste of resources that are not needed and that there are none left over.

The number that is arrived upon can be used for the years to come until the supply needs to be increased or reduced. Analyzing the cost of all the materials is necessary to ensure that the ordering of the materials is done as per the budget and does not exceed it.

The amount of materials, the list of machines needed, and the cost to maintain them would then determine the annual budget of the corporation.

Trusted suppliers should be hiredso that the company can build a strong permanent relationship with them. They must deliver the materials on time, in the right quantity and quality, not make the company wait or incur hidden costs or taxes, and demand extra money out of the blue.

It is important to understand the various factors of production, the way the company works, and train the employees so that they too could understand the business and work to create a profit.

Managing resources is an essential part of running a successful business that can steer itself out of the complications and threats of internal and external unpredictable forces.

1. What are the five ingredients for managing a meeting? 5

Managing Meetings

People spend endless hours in meetings that are poorly planned, ineffectively conducted, and go nowhere. Arthur Ciervo of Pennsylvania State University estimates that the average manager spends 14 to 20 hours a week in meetings and that half those hours are wasted. A key part of learning to be a manager is learning how to make the most of meeting time.

If you are a meeting leader, here are five ingredients for managing those meetings effectively.

Presentation Tips

9 Secrets to Command Attention

1) Dress in a professional manner

2) Walk to the podium with confidence

3) Stand erect behind the podium

4) Look at the audience and pause before you start to speak 5) Project your voice to speak with authority

6) Convey dynamism

7) Begin with a powerful introduction

8) Establish your credibility early

9) Leave the podium with a confident, purposeful gait

10 Secrets to Control Fear

1) You can never prepare too much

2) Be totally familiar with your introduction

3) Practice out loud and practice often

4) Practice mentally

5) Record your speech

6) Concentrate on your message, not on yourself

7) Know that to feel nervous is to be human

8) Breathe deeply

9) Channel your adrenaline into positive energy

10) Know that you appear more confident than you feel

10 Secrets to Build Credibility

1) Dress to convey authority and professionalism 2) Project your voice

3) Share your credentials

4) Use quotations or testimonies

5) Offer statistics

6) Use examples and case studies

• 7) Compare or contrast ideas
• 8) Use visuals
• 9) Restate ideas in a variety of ways

10) Deliver the message dynamically

Secrets to Prepare Like a Pro

1) Check out the speaking environment prior to your presentation 2) Change the environment to fit your style if necessary

3) Use the three-minute prep for unexpected speeches

4) Use sheets of paper for notes, not note cards

5) Use nouns as notes to jog your memory

6) Time your speech and edit, edit, edit

7) Select a title thats a hit

8) Prepare your introducer with an exciting introduction

9) Anticipate questions from the audience

10) Have questions ready

8 Secrets to Close with Power

1) Summarize your main points 2) Refer to the occasion

3) End with a powerful quotation 4) Make a startling statement

5) Leave listeners with a vivid illustration

6) Issue a challenge or an appeal

7) Keep a second closing in reserve

8) Leave the podium with a confident, purposeful gait

10 Secrets to Sharpen Your Delivery

1) Speak clearly

2) Vary your pace

3) Use silent pauses often

4) Limit the use of vocalized pauses

5) Vary your inflection

6) Look at everyone frequently

7) Use movement to maintain attention

8) Use natural gestures to generate interest 9) Hide your errors

10) Leave playthings at your seat

Please summarize the answers and paraphrase it