The allocation of the resources can be political in the industry particularly in the absence of strategic management. The substitute approach can be considered for the existence of a major decision. The intuition, subjectivity, and emotions are not sufficient for the allocation of resources. The decisions are mainly related to the resource allocation that plays a vital role in the strategic ramification (Smallbusiness. chron. com, 2018).

        The strategic management is not quite enough for the resource allocation but can provide effective resource allocation. The process of resource allocation can be defined as central management of the organization and permission for the implementation of the strategy. The resource allocation can be political and ad hoc in case of absence of strategic management (Wudhikarn, 2016). The alternative approaches are not provided for the decision making process of the organization. The implementation of a strategic approach to resource allocation is based on the decision making process. The subjectivity and the emotions are not sufficient approaches for the diversification of the organization (Maritan & Lee, 2017).

        The strategic management is required for the development of organization and allocation of resources. The resource allocation can be defined as the central management and activity that allows the execution of strategy. In the organizations, the decision making approaches are used for the management of resources related to the political and personal factors in the organization. The strategic management enables the allocation of resources on the basis of priorities and establishment of annual objectives (Schwindt, 2006).         

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