In leadership, you have limited resources. You have a limited supply of time, capital, and human resources. Because you have limited resources, it is very important to effectively use your resources. You should not pursue what you consider a less effective use of time, capital, or human resources. It is important to identify what is and is not worth your limited resources.
Five Questions To Determine How To Use Limited Resources
Processes develop and change over time. As a leader, look closely at your organization to identify how to most effectively use your limited resources. The following five questions will help you identify what needs resources and what does not.
1. What is your core business? You company probably has a core business. Identify your core business. Do you serve people or create widgets? Then identify which processes support the core business and which ones do not. If the process does not support the core business, determine if it is worth having. With limited resources, identify the key processes that support the core business. [Read more…] about The Effective Use Of Limited Resources