In a scenario where resources are limited, which strategy is most effective for

Practice Questions

Q1
In a scenario where resources are limited, which strategy is most effective for maximizing output?
  1. Allocating resources equally across all departments.
  2. Prioritizing departments based on their contribution to overall goals.
  3. Investing heavily in one department to boost its performance.
  4. Reducing resources in underperforming departments without analysis.

Questions & Step-by-Step Solutions

In a scenario where resources are limited, which strategy is most effective for maximizing output?
  • Step 1: Identify the overall goals of the organization or project.
  • Step 2: List all departments or areas that contribute to these goals.
  • Step 3: Evaluate how much each department contributes to achieving the overall goals.
  • Step 4: Rank the departments based on their contribution level, from highest to lowest.
  • Step 5: Allocate resources to the top-ranked departments first, ensuring they have what they need to maximize output.
  • Step 6: Monitor the performance of these departments to ensure they are generating value.
  • Step 7: Adjust resource allocation as needed based on performance and changing priorities.
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