Critically review the role of Resources Manager and assess the impact Essay - 1

Critically review the role of Resources Manager and assess the impact on our business plan - Essay Example For instance, it is the onus of the management to ensure that services are offered on demand. In this regard, there should be enough personnel, who will assist in the delivery of the various services. The internal environment should be co-ordinated and work in synergy in order to scale the heights of success in the business (Hair, Anderson, Tatham and Black, 2010, 34). In fact, the marketing team needs to perform an awareness campaign in order to sensitize people of the business existence. This initiative will draw many customers into the business. Market research is also a crucial part of succeeding in this business. This research will provide new insight into the business hence improvement in the day spa service delivery. The other role of the resource manager is to strive to attain maximum sales volume and continuous increase in the cash flow. Indeed, the revenue from the day spa business must surpass the costs incurred in delivery of the services. This will ensure that the business runs at a profit rather than on losses. Hofstede (2012, 45) asserts that the financial component is the other components in the balanced scorecard .The financing methods for the business include debt financing and equity financing. Feasible business proposals like Thai day spa can guarantee loan funds from lending institutions. Debt financing is the best source of financing a business given that the debt interest is tax deductible. In this regard, the debt reduces taxable income hence the entrepreneur earns tax savings. Furthermore, the debt financing is cheap compared to equity financing. According to Lengnick-Hall (2013, 67), equity financing is also a good source because there is no debt interest charged in order to b e guaranteed of the funds. However, the financiers of this financing must be privy to the insider information of the Thai day spa business. This is an important component of the business balanced