Whenever organization selects new strategy to implement, it immediately requires effective manpower to deploy, financial measures, new plant or equipments, R&D etc. Therefore, there should be the sound resource planning for effective implementation of strategy.

An effective resource plan helps answer the following questions:

  • Do organizations have resources enabling their strategies to be executed successfully?
  • Are the strategies of the organization being shaped to capitalize on the expertise in the resource area?
  • What are the processes for allocating resources at corporate and business level?

Process of Resource Planning

  • Define the missions/goals
  • Assess the current inventory of resources
  • Assess and acquire the required resource
  • Allocate the  resources,