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Resource Allocation in a Competitive Environment

How should organizations allocate scarce resources in a competitive environment?

How can organizations ensure that their resources are allocated appropriately?

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The response addresses the queries posted in 484 words with references.

//Before writing about the organization allocation of scare resources, it is essential to gain knowledge about the resource allocation and their processes. One should know about the complexities and difficulties of resource allocation, which further will assist in the allocation of scare resources//

Resource allocation is a process of assigning financial, physical and human resources in organizations for the achievement of organizational objectives. Resource allocation is a highly complex process, which creates several difficulties for the strategists. The major difficulty in resource allocation process is scarcity of resources. This becomes more difficult in a situation of competitive advantage (Wheelen & Hunger, 2004).

//Above is the discussion of resource allocation. Moving to the next direction, explanation of scare resource allocation is to be thrown light upon by ...

Solution Summary

The solution discusses the allocation of financial, physical and human resources in 397 words with APA references.