What are the ways that resource allocation contributes to good strategy execution and improved company performance?
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What are the ways that resource allocation contributes to good strategy execution and improved company performance?
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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
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Related Book For
Essentials Of Strategic Management
ISBN: 9781260575668
7th International Edition
Authors: John E. Gamble
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