Economics and Business

Management

 

Efficient Allocation

 

Author: Paulo Nunes (Economist, Professor and Business Consultant)

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Date Created: 05/08/2010

Summary: Effective Allocation...  see full article

Key words:  management,

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Efficient Allocation

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Efficient Allocation

The expression efficient allocation designates the main reason for the need of organization’s own management existence. In fact, the organizational resources are, by definition, limited, hence its allocation (term is here used as the factors’ application or use upon a certain combination or process) should be made efficiently in a way that the probability of reaching the pre defined goals be the highest possible.