Business Operations and Systems Essay Example | Topics and Well Written Essays - 1000 words - 2

Business Operations and Systems - Essay Example However, the designing of a business model requires the effective use of human, tangible and intangible assets of the company. The conceptualization of a business model depends upon the efficiency of the manager and the employees. An effective implementation of a business model paves the path of success for the companies. A business model needs to change as per the changing market trends of the economy. A manager must possess certain qualities which can distinguish him/her form other managers of the companies (Birch, 2008). The managers should be able to perform activities within a particular time frame. The managers should be result oriented and be able to think in terms of results and not duties. The managers should be able to prioritize among various objectives and make effective decisions by examining various alternatives. The managers should be able to create learning atmosphere within the company to improve the knowledge base of the employees and translate visions into strategi es (Prahalad and Hamel, 1996). Leaders and managers are not synonymous because a manager may possess leadership qualities but a leader may or may not possess managerial qualities. A leader is an individual who influences the work and behaviour of his subordinates in group efforts towards the achievement of a certain goals and objectives. A leader motivates his subordinates to attain the goals and objectives in an effective manner. To attain the goals and objectives of a company the managers of a company need to establish a healthy relationship with their subordinates. Managers of the company should apply the â€Å"Social Capital† theory in their companies. The central point of the theory is that relationships constitute a valuable resource for the conduct of social affair. According to theorist Bourdieu, the application of social capital theory in the fields of management can help in harnessing the true potential of the employees (Bourdieu, 1993 cited in Lesser, 2000, p.121). Social capital theory helps in exploring the actual and potential intellectual capital of the employees. The manager of the company needs to utilize the human resource, tangible and intangible assets at the optimum level to determine the effectiveness of the company. Authors Hamel and Prahlad conceptualized the enterprise as a portfolio of knowledge, assets and resources and competencies. According to these authors, certain companies were more productive than the other companies because they utilized the knowledge, capacity and competence of their resources at the optimum level. The tangible assets of the company include fixed assets like plant and machinery, buildings etc and current assets such as inventory. Non tangible assets include patents, copyright etc. The human resource of the company includes the skill and competence level of the employees. The manager needs to establish juxtaposition between these three assets to achieve optimum level of efficiency. According to authors Hamel and Prahalad, resource leverage is defined as doing more (or adding more value) with what you have (Hamel and Prahalad, 1966 cited in Morden, 2007, p.445). One of the main task of the manager is to recruit qualified employees and give them proper training and guidance to utilize the company’s fixed assets and resources. The manager needs to ensure that the company has a right mix of skills and knowledge to meet the goals