Organizational resources refer to the assets and capabilities that a company uses to achieve its goals. These resources can be categorized into various types, including human resources, financial resources, physical resources, and intellectual resources. Each type plays a crucial role in the overall functioning and success of the organization.
Effective management of organizational resources is essential for maximizing efficiency and productivity. By strategically allocating these resources, companies can enhance their competitive advantage and adapt to changing market conditions. Proper utilization of resources also helps in minimizing waste and optimizing performance across different departments.