State the function area strategies

Question

State the function area strategies.

Answer 1

Functional-area strategies worry the actions, practices and approaches to be employed in managing exacting functions or business processes or main activities within a business. Functional-area strategies put in particulars to the hows of business-level strategy. The primary task of a functional-area strategy is to support the company’s whole business strategy and competitive approach. Lead duty for functional-area strategies within a business is normally pass on to the heads of the relevant functions, with the general manager of the business having final endorsement and maybe even applying a strong influence over the element of exacting pieces of functional-area strategies.