Optimizing Resource Usage in Cagayan de Oro City Institutions, Philippines

Abstract

Aside from the Human Resources, the most valuable resources of the company are the assets comprising the current assets and fixed assets. Currently, many companies require better management of their assets but the misuse of company resources is a serious issue that many firm employees see as “no big deal.” However, the principle remains the same that firm resource is a lasting resource and it is for the use of firm and nothing else. This study examined the misuse of firm resources in government and non-government sectors in Cagayan de Oro City. The objectives were: determining the commonly misuse firm resources, awareness and involvement of employees in misusing the resources, and management report on misusing the resources. This study used descriptive research design with the aid of survey questionnaire in gathering the primary data supported by interview. Findings revealed that the commonly misused resources of the firms were office supplies with 40%, followed by internet usage with 30%, and telephone usage with 15%. In awareness and involvement of employees on the commonly misused resources, first in the rank was aware but involved with 30% followed by aware and not involved with 25% of the employee respondents. In the category of reporting of employees of the misused resources to the management, the employee witnesses but does not report with 40% followed by witnesses and does the report to the management with 30%. Interview revealed that misused of resources happened due to lack of proper orientation on mission and goals of the firm, over supply of resources, and absence of guidelines. The researchers concluded that intentional insider misuse of institution resources represents a significant threat to the organizations and whether government or non-government institutions, the presence of misuse of resources committed by the employees based on the results of this study still exists. Recommendations are: there should be a proper inventory system, policies and guidelines in using the resources, and close monitoring of firm resources.