Wk 3 DQ 1 - Allocating proper amount of financial resources in order to cover the staff time essential for developing and maintain the strategy

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In this competitive world in order to survive and sustain organizations need to fulfill demands of the customers. Organizations can introduce economic system which organizes the use of scarce resources for the production and distribution of goods and services organizations provides to people and groups in society. Organizations must give much more priority to the funds. In a competitive environment it is very essential for an organization to allocate and secure the necessary human, financial, technical and institutional resources. Implement a strategic leader in order to review the organizational strategies. Organizing meetings with staff members and top management in order to determine internal and external communication needs and wants.
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Unformatted text preview: Allocating proper amount of financial resources in order to cover the staff time essential for developing and maintain the strategy. Organizations can implement inventory management so that there is adequate amount of resources in the inventory, in order to meet the demands of the customers. While allocating financial resources an organization must look to provide value to stakeholders, must incorporate a plan which will benefit the investors. In this competitive environment it is also very essential to focus on certain goals established by the organization and must allocate resources keeping this thing in mind ....
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This note was uploaded on 02/23/2011 for the course MARKETING 330 taught by Professor Peterespeut during the Spring '11 term at University of Phoenix.

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