Information and Control for Resource Management in a Growing Market - Softcover

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9781334430725: Information and Control for Resource Management in a Growing Market

Synopsis

This book presents an innovative resource management policy that helps firms avoid the paradox of slow growth while believing they are meeting high demand. The author argues that typical resource control policies often retard growth by basing estimates of demand on limited information. Instead, the author recommends using competitive variables to estimate demand, which more accurately reflects market needs. This policy enhances growth while minimizing the risk of excess resources. Case studies illustrate the implementation of this policy, demonstrating its ability to adapt to different market dynamics and resource constraints. By adopting this approach, firms can effectively exploit growth opportunities, leading to enhanced profitability and success in a competitive market.

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