What are the ways that resource allocation contributes to good strategy execution and improved company performance?
Question:
What are the ways that resource allocation contributes to good strategy execution and improved company performance?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (4 reviews)
Resource allocation plays a vital role in strategy execution as well as in improving company performance It involves assigning the necessary resourcessuch as money personnel time and physical assetsto meet strategic objectives Here are several ways that resource allocation contributes to good strategy execution and improved company performance 1 Enables Strategic Initiatives Sound resource allocation means companies are able to fund and execute their strategic initiatives For instance if a company plans to introduce a new product line it needs to allocate resources ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Essentials Of Strategic Management
ISBN: 9781260575668
7th International Edition
Authors: John E. Gamble
Question Posted:
Students also viewed these Business questions
-
Provide 3 questions for each Independent Variable in this research shown below, these questions must be taken from previous research and studies and must not be created from your own experience, so I...
-
Explain what must be done to successfully implement the strategy for your innovative new product idea in order to improve the competitive advantages of your chosen organization. Discuss how to manage...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Last year, Lena biked 330 miles. This year, she biked k miles. Using k, write an expression for the total number of miles she biked.
-
Let P be a pyramid with a square base of side 2b and suppose that is a sphere with its center on the base of P and is tangent to all eight edges of P. Find the height of P. Then find the volume of...
-
Preparing income statement and balance sheet using accrual basis. Bob Hansen opens a retail store on January 1, Year 8. Hansen invests \(\$ 50,000\) for all of the common stock of the firm. The store...
-
Lobster fishing study. Refer to the Bulletin of Marine Science (Apr. 2010) study of teams of fishermen fishing for the red spiny lobster in Baja California Sur, Mexico, Exercise 11.63 (p. 642)....
-
1. Evaluate the ethics of trading on client securities by Klein, given that he was an employee benefits specialist on the audit. 2. Did Kleins actions violate any rules of conduct in the AICPA Code?...
-
Office Update To keep up-to-date with security updates, fixes, ar A31 X fx B Cookie Business 1 2 iu 3 Productions Costs: 4 Direct material 5 Direct labor 6 Variable manufacturing overhead 7 Total...
-
What are ways that incentive compensation can affect productivity gains and lower labor cost per unit?
-
How would you describe the organization of your companys top management team? Is some decision making decentralized and delegated to individual managers? If so, explain how the decentralization...
-
Dobbs Corporation is considering purchasing a new delivery truck. The truck has many advantages over the company's current truck (not the least of which is that it runs). The new truck would cost...
-
Consider how they might directly apply to your life and work environment when answering the questions below. Competency 1: Evaluate data-driven processes and approaches of an organization's...
-
There are several website optimizer tools available to help you "increase website conversion rates." Following : Explain fully what is meant by "increase website conversion rates"; then, identify two...
-
Imagine being a human resource director for a large hotel chain. Report to management highlighting problematic diversity issues that may arise. Identify 3 challenging diversity issues (e.g., race,...
-
A study based on a sample of 4 0 0 medical school students finds that the ratio of female students is 0 . 4 8 . The school rules require that the female ratio in the school is at least 0 . 5 ? a ) (...
-
One of the many paradoxes in leadership is the challenge of encouraging a team effort while simultaneously encouraging individuals to excel. Why is this paradox a challenge for team leaders, and how...
-
Non autonomous differential equations can be written as a system of coupled autonomous differential equations by writing a separate differential equation for the variable t. 1. Write the differential...
-
How will relating product contribution margin s to the amount of the constrained resource they consume help a company maximize its profits?
-
What are the main implications of the material discussed in this chapter for strategy formulation?
-
When is a companys competitive advantage most likely to endure over time?
-
It is possible for a company to be the lowest- cost producer in its industry and simultaneously have an output that is the most valued by customers. Discuss this statement.
-
You buy a stock for $35 per share. One year later you receive a dividend of $3.50 per share and sell the stock for $30 per share. What is your total rate of return on this investment? What is your...
-
Filippucci Company used a budgeted indirect-cost rate for its manufacturing operations, the amount allocated ($200,000) is different from the actual amount incurred ($225,000). Ending balances in the...
-
Yard Professionals Incorporated experienced the following events in Year 1, its first year of operation: Performed services for $31,000 cash. Purchased $7,800 of supplies on account. A physical count...
Study smarter with the SolutionInn App