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a resource management system

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Q: In a multiagency coordination system the acquisition allocation and tracking of resources are handled by?
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In a multi agency coordination system the acquisition allocation and tracking of resources are handled by?

resource


What are the advantages of business competition?

"The principle advantage is efficient allocation of resources. When many suppliers compete for the business of consumers, prices gravitate toward costs of production and scarce resources are used for those goods and services for which there is real demand. Competition thereby produces maximum economic value from given resources, and uses minimum resources to supply a given demand."


Four basic types of organizational resources?

Classifications of organizational resources are: human resources, financial resources, physical resources, and technological resources.


What is the study of how to meet unlimited wants and unlimited resources?

the study of how to meet unlimited wants and limited resources is economics.


Explain the levels of planning in marketing strategies?

Levels of StrategyFebruary 12, 2010 By Hitesh Bhasin Leave a CommentStrategy may operate at different levels of an organization -corporate level, business level, and functional level.Corporate Level StrategyCorporate level strategy occupies the highest level of strategic decision-making and covers actions dealing with the objective of the firm, acquisition and allocation of resources and coordination of strategies of various SBUs for optimal performance. Top management of the organization makes such decisions. The nature of strategic decisions tends to be value-oriented, conceptual and less concrete than decisions at the business or functional level.Business-Level Strategy.Business-level strategy is - applicable in those organizations, which have different businesses-and each business is treated as strategic business unit (SBU). The fundamental concept in SBU is to identify the discrete independent product/market segments served by an organization. Since each product/market segment has a distinct environment, a SBU is created for each such segment. For example, Reliance Industries Limited operates in textile fabrics, yarns, fibers, and a variety of petrochemical products. For each product group, the nature of market in terms of customers, competition, and marketing channel differs.There-fore, it requires different strategies for its different product groups. Thus, where SBU concept is applied, each SBU sets its own strategies to make the best use of its resources (its strategic advantages) given the environment it faces. At such a level, strategy is a comprehensive plan providing objectives for SBUs, allocation of re-sources among functional areas and coordination between them for making optimal contribution to the achievement of corporate-level objectives. Such strategies operate within the overall strategies of the organization. The corporate strategy sets the long-term objectives of the firm and the broad constraints and policies within which a SBU operates. The corporate level will help the SBU define its scope of operations and also limit or enhance the SBUs operations by the resources the corporate level assigns to it. There is a difference between corporate-level and business-level strategies.For example, Andrews says that in an organization of any size or diversity, corporate strategy usually applies to the whole enterprise, while business strategy, less comprehensive, defines the choice of product or service and market of individual business within the firm. In other words, business strategy relates to the 'how' and corporate strategy to the 'what'. Corporate strategy defines the business in which a company will compete preferably in a way that focuses resources to convert distinctive competence into competitive advantage.'Corporate strategy is not the sum total of business strategies of the corporation but it deals with different subject matter. While the corporation is concerned with and has impact on business strategy, the former is concerned with the shape and balancing of growth and renewal rather than in market execution.Functional-Level Strategy.Functional strategy, as is suggested by the title, relates to a single functional operation and the activities involved therein. Decisions at this level within the organization are often described as tactical. Such decisions are guided and constrained by some overall strategic considerations. Functional strategy deals with relatively restricted plan providing objectives for specific function, allocation of resources among different operations within that functional area and coordi-nation between them for optimal contribution to the achievement of the SBU and corporate-level objectives. Below the functional-level strategy, there may be operations level strategies as each function may be dividend into several sub functions. For example, marketing strategy, a functional strategy, can be subdivided into promotion, sales, distribution, pricing strategies with each sub function strategy contributing to functional strategy.

Related questions

What NIMS term is defined as the architecture to support coordination for incident prioritization critical resources allocation communication systems integration and information coordination?

Multiagency Coordination Systems (MACS)A. Multiagency Coordination System


In a multi agency coordination system the acquisition allocation and tracking of resources are handled by?

resource


In a multi-agency coordination system the acquisition allocation and tracking resources are handled by?

resource management system


Multiagency coordination system?

a combination of resources integrated into a common framework


What is a multiagency coordination?

a combination of resources integrated into a common framework


In a multi agency coordination system the acguisition allocation and tracking of resources are handled by?

a resource management system.


What is the study of the allocation of resources?

ECONOMICS is the study of the allocation of SCARCE resources.


The EOC and the entire MACS play an important role in resource management?

When incidents grow in size and/or complexity and more tactical resources are required, the EOC and the entire multiagency coordination system (MACS) play an increasingly important role in resource management.


Economics is about the allocation of resources for the production and distribution of goods?

Economics is about the allocation of resources for the production and distribution of goods and ___________.


How does market and government differ in allocation of resources?

the difference in market and government occurs in the allocation of resources and labor division which determines the prices


Why is human resources important to the development of industry?

How the opportunity cost can be applied to the production process for the allocation of resources. How the opportunity cost can be applied to the production process for the allocation of resources.


What is Hierarchical Location-Allocation modelling?

Hierarchical location-allocation modelling refers to the allocation or the distribution of resources according to the hierarchy. People on the upper level of the chain are usually allocated with most of the resources.