Research Philosophy And Practice Resource Management And Sustainable Development
Resource management and sustainable development are an important aspect of an organization and need to effectively regulate these entire facts to bring success for an organization. Research philosophy is a process in which data is collected from various sources, which helps to analyze the entire topic in a suitable way. According to Al Mamun and Hasan (2017), researching this topic is an important aspect that can help to ensure internal and external resources for completing any project within a specified time and budget. Sustainable development is a process that helps to meet the demands and needs of human beings by using alternative sources of energy. Standing in the 21st century, technology has greatly impacted every segment of industry and urges a keen interest in renewable sources of energy.
It was important for a reader to understand the facts and importance of sustainable development needed to implement it in any organization to minimize pollution in the environment. Many big organizations like Amazon and Google were trying to adopt sustainable development in their organizations by focusing on renewable energy sources. Sustainable development was necessary for the well-being of many people and to maintain nature-society imbalances, which can threaten social and economic stability (Cooke, 2018). On the other hand, resource management helps acquire, manage, and allocate skills of an individual to properly complete any project. Going through this piece of a dissertation, a researcher or the audience will get to understand how to manage resources and the importance of sustainable development in an organization.
This project’s main aim is to balance economic, social and environmental needs to gain success in the market by sustainable development and resource management. Resource management needs to be maintained in an organization as it involves a set of skilled employees to operate tasks in an organization.
- To enhance the renewable sources of energy like befouls, solar and hydropower energy in an organization for reducing their cost for traditional ways of using electricity.
- To emit greenhouse gases to a greater extent and make the environment ideal for mankind and upcoming generations.
- To transform the system of using pen and paper in an industry into a completely technological-based system for reducing the usage of papers in big organizations.
- To train new employees to adopt modern changes and implement them in their work for getting better results.
- To implement necessary payrolls and effective communication with their employees, which helps them to understand the present scenario and act on the basis of it.
Triple bottom line- Triple bottom line theory explains that an organization needs to focus on social and environmental factors for enhancing their profitability to a greater extent. For example, it was found that Amazon has taken some modern initiative for increasing their revenues, reducing energy expenses and increasing their employee productivity (Olson et al. 2018).
Figure 1: Triple bottom line theory
(Source: Criado-Gomis et al. 2017)
The giant e-commerce industry has focused on renewable sources of energy in order to reduce pollution and increase their profit margin. According to Criado-Gomis et al. (2017), besides this, organizations have planned to bring the e-rickshaws and drones for delivering orders of their customers timely and innovatively. Due to these bold steps, Amazon’s digital platform gets huge attractions from its customers and reduces carbon emissions to a greater extent. According to Kianto et al. (2017), by increasing their demand in the market, organizations can hire many employees to operate their task, and it can help these employees grab a job in Amazon.
Sustainability theory describes a form of economy and society that lasts longer and needs to be maintained on a global scale. According to Al Mamun and Hasan (2017), it was found that customers have changed their way of thinking and shifted their attention to renewable sources of energy. Besides this, governments across different countries are also focusing on reducing their carbon emission to a greater extent (Liczmańska-Kopcewicz et al. 2019). Organizations like Tesla in this situation need to focus on their renewable sources of energy and deliver some quality services to their employees.
Figure 2: Theory of sustainability
(Source: Peerzadah et al. 2018)
Tesla has taken some necessary steps for reducing carbon emission and provides pollution free services to its customers. According to Peerzadah et al. (2018), due to this reason, the organization was focusing on developing electric vehicles which were attractive and created no pollution towards the environment and did not need petrol for their advancement.
Resource-based theory- Resource-based theory suggests that those were valuable, rare, difficult and non-substitutable needs to be taken into account as it needs to enhance for bringing long term success towards an organization. According to Press et al. (2020), strategic resources help employees in an organization for developing the capabilities of a firm to enhance their performance with the progress of time.
Figure 3: Resource-based theory
(Source: Cooke, 2018)
Organizations like Tesla have focused on their employees‘ abilities and provide necessary training facilities for their improvement. Tesla has provided a huge impact on the market of the UK with their grocery items and always focuses on their development of theory employees and meets customers demand (Cooke, 2018).
It was necessary for every organization that needs to develop sustainable thinking and managing resource management. Large-scale organizations need to focus on their employees’ health, which helps them increase their productivity within their workplace. Enhancing clean water and flooding facilities leads them to maintain their employees’ health in a suitable way. According to Yong et al. (2020), enhancing renewable sources of energy such as solar, wind, geothermal can reduce the cost of their structures and help in their progress. It was found that by enhancing their employees’ skills, they can easily cope with this concept and provide some innovative ideas for gaining attention from the customer base (Ren et al. 2018). Many giant organizations like Amazon have also introduced wind power facilities in their workplaces for enhancing their business operations.
Sustainable development was a bold step in protecting the environment and enhancing renewable sources of energy, which is also considered eco-friendly. According to Singh et al. (2020), it was found that nonrenewable energy sources were gradually decreasing extensively, and it is necessary to protect these items for future generations. In order to maintain sustainable development, people around the surroundings can live in a fresh environment and take breathes, which is necessary for every human being (Kidwell et al. 2018). In maintaining Sustainable development, resource management needs to be implemented properly, and it provides an idea to complete any task within time and budget.
Building a suitable workplace in an organization needs to improve sustainability, as it helps to unite staff and helps to maintain work-life balances. According to Gemünden et al. (2018), besides this, it also provides a great impact to maintain a healthy relationship with their customers and across the world, and it can increase their profit margins. Along with it was found that a healthy and sustainable workplace present in Airasia keeps their employees happier; thus, it increases productivity of their employees. Work-related illness seems to be decreasing to a greater extent and remains fit and delivers quality services for the sake of organization (Frolova et al. 2019).
Resource management charts such as RACI Matrix are effective for managing project resources as well as it is helpful for allocating resources in different project stages. Major components of project work are human resources, and capacity utilization is required to assess necessary resources. However, appropriate communication skills and leadership styles are required to fulfill resource management criteria of ongoing project work.
Collaboration among team members is necessary for project work, and the appointed manager must focus on this principle to generate the best possible outcome from the project work (Iqbal and Ahmad, 2021). Productivity, creativity and innovative ideas for a project will increase due to application of this principle.
Applying the right resources at the right time is necessary for project work, and it will be conducted based on resource capability and task criteria. Figuring out required resources for each task will be effective for enhancing the resource management process for an organization (Voronkova et al. 2019).
Efforts delivered for the resources must not go unrewarded, and it will be essential for ensuring resource usefulness. An important contribution to a project could lead to completing an assigned task that recognizes efforts and time.
Centralized Resource Pool
Setting up a centralized resource pool for ongoing project work is a crucial resource management principle (Rahman and Islam, 2019). Cost associated with every resource pool is suitable for creating resource availability as it is easier for resource distribution.
Figure 4: Principles of Resource Management
(Source: Created by Learner)
Maintaining balance in workload resources is effective for developing a proper resource management system for project work. According to Boons and Laasch (2019), the procedure is required to be conducted regularly to identify the resource’s effectiveness aligned with task prioritization.
The principle is significantly important and helps to track each resource allocated to specific project tasks. According to Chang (2020), real-time project information can be derived from this approach as it is effective for understanding upcoming risks. Technological implementation could be a better approach for pertaining to current project status.
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