OCR Level 3Cambridge Technicals

in Business

Unit 2: Business Resources

At the age of 28 he was awarded the MBE for

services to the Hospitality industry.

He is known world wide for his cooking and recipes,

making numerous TV appearances.

Born in 1975, Jamie Oliver is one of Britain’s most successful

chefs. But what makes Jamie

successful?

IntroductionIntroduction

But Jamie also runs a series of successful restaurants, and has been responsible for some of the most radical campaigns around better eating and food – particularly for children and school dinners.

As a chef, Jamie has become famous for the food he prepares and the meals he creates.

His sound knowledge of ingredients allows him to create his now famous recipes.

What makes Jamie a What makes Jamie a success?success?

In other words, Jamie Oliver is also a successful business man.

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.

SuccessSuccess

The right ingredients…The right ingredients…

These will be sourced by the chef, and combined together to achieve the desired outcome.

For a dish to be a success in the restaurant, it will need the correct ingredients to start with.

These are combined together by the management team to create a profitable business, just as Jamie Oliver creates his successful recipes.

For a business to be successful, it too requires the correct ingredients to start with.

These are people, physical and technological items, and sources of finance.

These business ingredients are known

as

Business ResourcesBusiness Resources

Business ResourcesBusiness ResourcesAll 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

Understanding what these resources are, how they interact, and how they must be managed, is key to understanding the basis of a successful business.

1. Human2. Physical3. Technological4. Financial

Key Business ResourcesKey Business Resources

What will you learn?What will you learn?

Be able to interpret financial

statements

After completing this unit you will:

Know the purpose of managing physical and technological resources

Know how human resources are

managed Know how to access

sources of finance

Thank you for usingthis OCR resource.

Other OCR resources are availableat www.ocr.org.uk

To give us feedback on, or ideas about, the OCR resources you have used e-mail resourcesfeedback@ocr.org.uk