Business functional areas are the departments within an organization that oversee key functions like production, marketing, finance, and human resources. Each functional area develops short-term strategic plans and annual objectives to implement the company's overall strategy and ensure the organization operates efficiently to achieve its goals. Functional strategies address issues related to production efficiency, marketing effectiveness, and customer service quality to gain a competitive advantage in the market.
Business functional areas are the departments within an organization that oversee key functions like production, marketing, finance, and human resources. Each functional area develops short-term strategic plans and annual objectives to implement the company's overall strategy and ensure the organization operates efficiently to achieve its goals. Functional strategies address issues related to production efficiency, marketing effectiveness, and customer service quality to gain a competitive advantage in the market.
Business functional areas are the departments within an organization that oversee key functions like production, marketing, finance, and human resources. Each functional area develops short-term strategic plans and annual objectives to implement the company's overall strategy and ensure the organization operates efficiently to achieve its goals. Functional strategies address issues related to production efficiency, marketing effectiveness, and customer service quality to gain a competitive advantage in the market.
Business functional areas are the departments, groups or divisions that supervise
and execute the major functions of business in an organization. Functional-level
strategies are used to implement the firm's strategic plans (Pearce II & Robinson, 2014). Each and every functional area needs certain plans and objectives to carry out its function properly and help the organization to operate smoothly and achieve its objectives effectively and efficiently. The functional level of the strategy develops annual objectives and short term strategies in the areas such as production, operations, research and development, finance and accounting, marketing and human relations (Pearce II & Robinson, 2014). These strategic plans are made by the executive levels and passed to the functional areas to implement those strategies which help to achieve the objectives of the company and gain the competitive advantages over other firms and organizations. These functional levels are responsible for the issues related with the efficiency and the effectiveness with in the production and marketing system and ensure that the customers are having the best quality services from the company and gaining the market share from the competitors. References Pearce II, J. A., & Robinson, R. B. (2014). Strategic Management: Formulation, Implementation and Control (12th ed.). McGraw-Hill Irwin.