When resources are limited, the strategic control point must be _____.
financial situation
productivity
technological leadership
human resources
competitive position
competitive position
When resources are limited, the strategic control point must be the competitive position.
When resources are limited, the strategic control point must be carefully chosen in order to effectively allocate and maximize the available resources. Let's analyze each option and determine which one is most appropriate:
1. Financial situation: This refers to the company's financial resources and stability. While financial factors are important for any organization, they may not necessarily be the most critical strategic control point when resources are limited.
2. Productivity: This is the efficiency and effectiveness with which resources are utilized to achieve the desired outcomes. Maximizing productivity is crucial when resources are limited, as it ensures optimal use of available resources.
3. Technological leadership: This involves leveraging advanced technologies and innovations to gain a competitive advantage. While technological leadership can be valuable, it may not always be the most strategic control point when resources are scarce, as it often requires significant investments.
4. Human resources: This refers to the skills, knowledge, and capabilities of the company's workforce. In times of limited resources, optimizing the use of human resources becomes essential. It may involve training, development, and reallocating personnel to areas of greatest need and potential impact.
5. Competitive position: This relates to the company's standing in relation to its competitors. While maintaining a competitive position is important, it may be challenging to achieve without focusing on other strategic control points such as productivity or human resources when resources are limited.
Considering all factors, when resources are limited, maximizing productivity becomes a crucial strategic control point. By optimizing resource utilization and efficiency, an organization can achieve its goals effectively despite limited resources.