Resource management, a field of business management & entrepreneurship that holds significant aspects for profitability reasons. The proper handling of resources while being in a management position is the biggest responsibility of the leadership. A CEO or President of a company is not only a vital think tank. But, also holds high impact decisions in his hands for a company’s success agendas. His real concern is not only profitability, but bringing sustainable aspects merged with profitability aspects.
While handling resources, the leadership must always be abreast of situations that can change dramatically in a company. It’s the role of the CIO or the CEO to evaluate company’s goals and its vision. Furthermore, its long term plans before bringing resource management into the hierarchies. Why resource management is important aspect for sustainability? A question that entrepreneurs usually ask themselves when making fruitful investments in their businesses. The simple and easy answer is for the long term vision of the company. For a visionary entrepreneur there are many benchmarks that needs to be accomplished. However, the most important ones is proper utilisation of resources while minimising the overhead costs. These practices of resource management are also incremental ones for quality management and quality assurance procedures.
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Courtesy: MBE Blog
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