Opportunity cost in task prioritization and its influence on resource allocation decisions : Shark Punch Oy - A Technology startup case study
Kiis, Peeter-Erik (2016)
Kiis, Peeter-Erik
Metropolia Ammattikorkeakoulu
2016
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-201605219029
https://urn.fi/URN:NBN:fi:amk-201605219029
Tiivistelmä
The main objective of this thesis is to examine and evaluate the relationship between opportunity cost, task prioritization and resource allocation. The secondary objective is to determine whether the application of these theories in the practical work setting of Shark Punch Oy can bring improvements in organizational performance. Furthermore, feasible recommendations are drawn from the synthesis of base theories combined with critical discussions on their practical applications and limitations.
The research demonstrates that there is an intricate connection and inter-dependency between the theories. Practical application of the theories opens up multiple avenues for potential improvements in organizational performance. These avenues can and should be exploited by the managerial level staff of Shark Punch Oy to facilitate value generation for both the organization and its customers. As a result of greater value generation, Shark Punch Oy is able to solidify their position within the market by achieving a competitive advantage over their competitors.
Outcome of the study was that there are numerous improvements that can be made within Shark Punch Oy and its two functional units. The conclusions drawn by the author are directed at opportunity cost between mutually exclusive tasks, the prioritization of tasks based on thresholds and criteria, and resource allocation decision affected by the supportive activities of organizational structures and systems.
The research demonstrates that there is an intricate connection and inter-dependency between the theories. Practical application of the theories opens up multiple avenues for potential improvements in organizational performance. These avenues can and should be exploited by the managerial level staff of Shark Punch Oy to facilitate value generation for both the organization and its customers. As a result of greater value generation, Shark Punch Oy is able to solidify their position within the market by achieving a competitive advantage over their competitors.
Outcome of the study was that there are numerous improvements that can be made within Shark Punch Oy and its two functional units. The conclusions drawn by the author are directed at opportunity cost between mutually exclusive tasks, the prioritization of tasks based on thresholds and criteria, and resource allocation decision affected by the supportive activities of organizational structures and systems.