January 2016
Intermediate to advanced
480 pages
132h 28m
English
All organizations have at least four types of resources (or assets) that can be used to achieve desired objectives: (1) financial resources, (2) physical resources, (3) human resources, and (4) technological resources. Resource allocation can be defined as distributing an organization’s “assets” across products, regions, and segments according to priorities established by annual objectives. Allocating resources is a vital strategy-implementation activity. Strategic management itself is sometimes referred to as a “resource allocation process.”
In organizations that do no strategic planning, resource allocation is often based on political or personal factors and bias, rather than being based ...
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