Effective resource allocation is vital for implementing new strategies from "summary" of The Power of Strategy Innovation by Robert E. JOHNSTON,J. Douglas BATE
In order to successfully implement new strategies, it is essential to allocate resources effectively. This process involves making decisions about how to allocate resources such as finances, time, and personnel in a way that maximizes the chances of success. Without proper resource allocation, even the best-laid plans can fall short of their intended goals. One key aspect of effective resource allocation is prioritization. This involves identifying which resources are most critical to the success of a particular strategy and ensuring that those resources are allocated accordingly. By focusing on the most important resources, organizations can increase their chances of achieving their strategic objectives. Another important consi...
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