StrategyDriven’s Resource Management forum provides materials focused on the leading practices of companies effectively managing their personnel, intellectual property, equipment, facility, and other assets in support of strategic planning and tactical business execution.
An organization’s mission defines its purpose for being. Making the mission measurable and then prioritizing those measures helps create a sense of where the organization should focus its efforts. However, prioritization at this level does not create the clarity needed for individuals making resource allocation choices between their day-to-day activities, especially if the activities all serve the same mission measure.
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Nathan Ives is a StrategyDriven Principal and Host of the StrategyDriven Podcast. For over twenty years, he has served as trusted advisor to executives and managers at dozens of Fortune 500 and smaller companies in the areas of management effectiveness, organizational development, and process improvement. To read Nathan’s complete biography, click here.
https://www.strategydriven.com/wp-content/uploads/stil-410573-unsplash.jpg49283264Nathan Iveshttps://www.strategydriven.com/wp-content/uploads/SDELogo5-300x70-300x70.pngNathan Ives2007-08-30 17:43:222018-10-07 19:52:21Resource Management Best Practice 2 – Categorical Activity Prioritization
In today’s competitive environment, it is no longer good enough to offer employees a good place to work. Rather, it is imperative a company creates a work environment where the best want to work. Only when such an environment exists will a company attract and retain the most knowledgeable, skilled, and accomplished employees; who in-turn will effectively execute its activities and make it a viable competitor in an increasingly aggressive marketplace.
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StrategyDriven contributors recommend the following resource that elaborate or compliment the Attract the Best with Accountability best practice:
Good to Great: Why Some Companies Make the Leap… and Others Don’t
by Jim Collins
About the Author
Nathan Ives is a StrategyDriven Principal and Host of the StrategyDriven Podcast. For over twenty years, he has served as trusted advisor to executives and managers at dozens of Fortune 500 and smaller companies in the areas of management effectiveness, organizational development, and process improvement. To read Nathan’s complete biography, click here.
https://www.strategydriven.com/wp-content/uploads/alexandre-tsuchiya-333890-unsplash.jpg51843456Nathan Iveshttps://www.strategydriven.com/wp-content/uploads/SDELogo5-300x70-300x70.pngNathan Ives2007-08-21 17:23:462019-02-02 20:52:31Resource Management Best Practice 1 – Attract the Best with Accountability
“Vision without resources is a hallucination.” Old Pentagon Quote
Organizations are complex creatures comprised of personnel with varying personalities, talents, needs, and aspirations. Increasing this complexity is the wide array of organizational possessions: tools and materials, physical and intellectual properties, and financial instruments. Ordering this complex collection of resources to ensure the efficient, highly engaged use of all of the organization’s assets is the function of the resource management program.
Processes associated with an organization’s resource management program vary between the strategic and the tactical. Within the realm of strategic planning, resource management encompasses the processes and activities of performing annualized projections and monthly/weekly capacity planning. Extended into the tactical arena of business execution, resource management involves scheduling; acquisition; retention; maintenance and development; and termination, retirement, and release/disposal of assets.
Resource management, whether strategic or tactical, focuses on personnel, material, land, intellectual property and financial instruments. In strategic planning, resource management processes group assets into large categories based on common characteristics. As processes narrow their focus from long-range to tactical resource planning, asset focus becomes more specific; even to the point of uniquely identifying the asset to be involved in an activity.
Focus of the Resource Management Forum
Materials in this forum are dedicated to discussing the leading practices of companies successfully executing a resource management program in support of strategic planning and tactical business execution. The following articles, podcasts, documents, and resources cover those topics foundational to a strong resource management program.