The Effects of Business Planning, Financial Management and Performance Monitoring on the Social Housing Sector
The Effects of Business Planning, Financial Management and Performance Monitoring on the Social Housing Sector
By
Precious Orlu.
Student Reference No
000545734
Course: Housing Policy Town 1017
Lecturers: Maureen Rhoden, John O’Leary
31st March 2010
Introduction
Heraclitus (535bc-475bc) was a philosopher who believed in the power of change, claiming that everything would find repose by changing (Harris, 1994). This may not be true to the average sense of the concept of housing as a basic need to mankind. Housing has and will always be a constant, essential need and a basic right for every human being (United Nations Universal Declaration of Human Rights Article 25, www.un.org). However, this paper may agree with him on the existence of uncertain changes in the political, social and economic states of countries at various times and how these changes affect housing policies. This essay shall examine the impact of these changes on housing businesses with the social housing sector as the area of interest. It will identify these uncertain changes as risks to the business of social housing and ultimately discover if business planning, financial management and performance monitoring are important to the productivity of the social housing sector.
(Balchin and Rhoden, 1998) claim that housing is most times the largest and most expensive acquirable item. Next to agriculture, it usually requires the most use of land space. The only need that precedes housing in mankind’s scale of necessities is food. Otherwise, housing needs consume the most land space, thus making this need an expensive and enterprising one with governments and private individuals investing heavily in businesses related to supplying such needs to people. (Ogu and Ogbuozobe, 2001), classified this supply process in their theory that two paradigms are present in social housing provision in Nigeria. They referred to them as the “provider” and the “enabling” (supporter) paradigms. But claim also, that
By
Precious Orlu.
Student Reference No
000545734
Course: Housing Policy Town 1017
Lecturers: Maureen Rhoden, John O’Leary
31st March 2010
Introduction
Heraclitus (535bc-475bc) was a philosopher who believed in the power of change, claiming that everything would find repose by changing (Harris, 1994). This may not be true to the average sense of the concept of housing as a basic need to mankind. Housing has and will always be a constant, essential need and a basic right for every human being (United Nations Universal Declaration of Human Rights Article 25, www.un.org). However, this paper may agree with him on the existence of uncertain changes in the political, social and economic states of countries at various times and how these changes affect housing policies. This essay shall examine the impact of these changes on housing businesses with the social housing sector as the area of interest. It will identify these uncertain changes as risks to the business of social housing and ultimately discover if business planning, financial management and performance monitoring are important to the productivity of the social housing sector.
(Balchin and Rhoden, 1998) claim that housing is most times the largest and most expensive acquirable item. Next to agriculture, it usually requires the most use of land space. The only need that precedes housing in mankind’s scale of necessities is food. Otherwise, housing needs consume the most land space, thus making this need an expensive and enterprising one with governments and private individuals investing heavily in businesses related to supplying such needs to people. (Ogu and Ogbuozobe, 2001), classified this supply process in their theory that two paradigms are present in social housing provision in Nigeria. They referred to them as the “provider” and the “enabling” (supporter) paradigms. But claim also, that
References: 1. Audit Commission (2010) Protecting the Public Purse: Independent Reports Will Help CAA Improvement. Accessed 20th march 2010 from http://www.audit-commission.gov.uk/Housing/Pages/default.aspx 2 3. Balchin, P and Rhoden, M (1998) Housing, the essential foundations. Routledge. 4. Department for Communities and Local Government (2006). A Decent Home: Definition and Guidance for Implementation. Crown. Accessed 17th march 2010 from http://www.communities.gov.uk 5 6. Harris, W (1994) Heraclitus; The complete fragments: Translation and Commentary and The Greek Text. Accessed 22nd February 2010 from www.middlebury.edu/~harris. 7. Harrison, F.L. and Lock, D. (2004) Advanced Project Management: A structured Approach, 4th Edition, Gower Publishing Limited, pp178-187. 8. Housing Corporation Centre for Research and Market Intelligence (2008) Low Cost Home Ownership: affordability, risks and issues. In Brief. Nov. 2008. Accessed 22nd march 2010 from http://www.housingcorp.gov.uk/upload/pdf/In_brief_-_LCHO.pdf 9 10. Lansley S (1979), Housing and Public Policy. Croom Helm Ltd. 11. Morse A, (2010) National Audit Office: Helping the Nation Spend Wisely: Decent Homes Programme Accessed 23rd march 2010 from http://www.nao.org.uk/publications/0910/the_decent_homes_programme.aspx 12 14. Ogu, V and Ogbuozobe, J (2001) Towards Enablement of Private Housing Development: Housing Policy in Nigeria: Habitat International: Vol. 25, Issue 4. pp 473-492. 15. Paton, R (2003). Managing and Measuring Social Enterprises. Sage Publications. Accessed 27th March 2010 from http://books.google.co.uk/books 16