OCR Level 3
Cambridge Technicals
in Business
Unit 2: Business
Resources
Introduction
Born in 1975, Jamie Oliver is one
of Britain’s most successful
He is known world wide for
chefs.
But what
makes
his cooking
and recipes,
making numerous
Jamie TV
At the
age of 28 he was
appearances.
successful?
awarded
the MBE for
services to the Hospitality
industry.
What makes Jamie a
success?
ButaJamie
also runs
abecome
series offamous
successful
As
chef,
Jamie
has
In other words, Jamie Oliver is for the
restaurants,
and has
been
responsible
for some
food
healso
prepares
and
the
meals
he
creates.
a successful business man.
of the most radical campaigns around better
eating
andknowledge
food – particularly for children and
His
sound
school
dinners.
of
ingredients
allows
him to create his now
famous recipes.
Success
In the same way that Jamie Oliver combines raw
ingredients to create a successful dish, so he
also combines raw ingredients to create his
successful business.
The right ingredients…
For a dish to be a
success in the
restaurant, it will need
the correct ingredients to
start with.
These will be sourced by
the chef, and combined
together to achieve the
desired outcome.
Business Resources
For a business to be successful, it too
These business
requires the correct ingredients to start with.
ingredients are known
These are people, physical and technological
as
items, and sources of finance.
These are combined
together by the
management team to
create a profitable
business, just as Jamie
Oliver creates his
successful recipes.
Business Resources
All businesses require input of the same
resources, but in different quantities. The
amount of resources will differ depending on:
Size of the
business
Industry
sector or
type
Aims and
purpose of
the business
Key Business Resources
1.
2.
3.
4.
Human
Physical
Technological
Financial
Understanding what these resources are,
how they interact, and how they must be
managed, is key to understanding the basis
of a successful business.
What will you learn?
After completing this unit you will:
Know how human
resources are
managed
Know how to
access
sources of
finance
Know the purpose of
managing physical and
technological resources
Be able to
interpret
financial
statements
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