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  • 2019
  • Chapter
  • The Palgrave Encyclopedia of Strategic Management

Resource Allocation Theory

By: Joseph L. Bower
  • Format:Electronic
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Abstract

This article considers the process of resource allocation, whereby an organization determines how best to apportion its factors of production between the various productive activities in which it wishes to engage. It is suggested that none of the academic approaches to date has provided an entirely coherent picture of the process, in part because of the contradictory models of the process that they generate. The article goes on to consider the planning processes that are involved in assessing future projects and the way in which past outcomes feed into the assessment of future projects.

Keywords

Resource Allocation

Citation

Bower, Joseph L. "Resource Allocation Theory." In The Palgrave Encyclopedia of Strategic Management. Continuously updated edition, edited by Mie Augier and David J. Teece. Palgrave Macmillan, 2017. Electronic. (Pre-published, July 2016.)
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About The Author

Joseph L. Bower

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More from the Author
  • JPMorgan Chase's Path Forward By: Joseph L. Bower, Nien-hê Hsieh and Michael Norris
  • Capitalism at Risk: How Business Can Lead By: Joseph L. Bower, Dutch Leonard and Lynn S. Paine
  • Minneapolis <i>Star Tribune</i> By: Joseph L. Bower, Elizabeth Hansen and Michael Norris
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