How to Allocate Resources Effectively In a Business Enterprise

Strategy Driven

Efficient allocation of resources, by definition, is the process of analysing all the available resources at any given point of time, and devising effective strategies to make the most out of them, keeping in mind short-term as well as long-term goals, in a way that there is minimal wastage and an optimal usage of all the resources. These resources could be related to something as complicated as finances or something very human as the workforce.