In any organization, business, project or even a venture it is very important as well as vital that resources of all kinds are properly identified and utilized to get maximum performance. For that it is important that company and its management delves deep into processes and strategies and identify both abundant resources (un-utilized) as well as scarce resources and device a strategy to make good use of them. Now resources can be human, natural and capital at the same time they can also be bifurcated into two categories namely tangible and intangible, in nutshell idea of resource allocation is to strategize and plan in such manner that return on investment or earned value is high and thus the impact of proper and planned resource allocation
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As per Barney, “The traditional ‘strengths-weaknesses-opportunities-threats’ model of firm performance suggests that firms are able to improve their performance only when their strategies exploit opportunities or neutralize …show more content…
We will also hire management trainees in this segment." I believe this will help boost productivity and improve functional capacity (Taneja, 2015).
Another big and constructive step BSNL was supposed to take as per outcome of SWOT analysis to cater to internal organizational issue was to reduce its manpower and streamline it as per new business needs and strategic goals. In line of same it has been announced that “State run BSNL is to reduce its employee base by 7% in 2017” (Abbas, 2016).
If I have to ask key stakeholders the questions and additional information then based on their PESTLE and SWOT analysis it was highlighted that their fore is not techno savvy so my query is just reduction in manpower may not solve the issue in its entirety and thus what are their plans to replace old work force by technical and more qualified manpower in near
As per Barney, “The traditional ‘strengths-weaknesses-opportunities-threats’ model of firm performance suggests that firms are able to improve their performance only when their strategies exploit opportunities or neutralize …show more content…
We will also hire management trainees in this segment." I believe this will help boost productivity and improve functional capacity (Taneja, 2015).
Another big and constructive step BSNL was supposed to take as per outcome of SWOT analysis to cater to internal organizational issue was to reduce its manpower and streamline it as per new business needs and strategic goals. In line of same it has been announced that “State run BSNL is to reduce its employee base by 7% in 2017” (Abbas, 2016).
If I have to ask key stakeholders the questions and additional information then based on their PESTLE and SWOT analysis it was highlighted that their fore is not techno savvy so my query is just reduction in manpower may not solve the issue in its entirety and thus what are their plans to replace old work force by technical and more qualified manpower in near