1.

Resource allocation definition in strategic management

Answer»

Resource allocation is the process of assigning and managing assets in a manner that supports an organization's strategic goals.

Resource allocation includes managing tangible assets such as hardware to make the best USE of softer assets such as human capital. Resource allocation involves BALANCING competing NEEDS and priorities and determining the most EFFECTIVE course of action in order to maximize the effective use of limited resources and GAIN the best return on investment.



Discussion

No Comment Found

Related InterviewSolutions