Necessary points for functional-area strategies

Question

What are the necessary points for functional-area strategies?

Answer 1

Choosing suitable functional-area strategies is necessary by following points:

1. An organization’s strategy is not complete until organization mangers have made strategic options about how the different functional elements of the business will be managed in support of its essential competitive strategy approach and the other valuable competitive moves being taken.

2. In many respects, the nature of functional strategies is dictated by the option of competitive strategy.

3. Beyond very universal prescriptions, it is hard to say just what the content of the various functional-area strategies should be without first knowing what higher-level strategic options a company has made, the industry environment in which it works, the resource strengths that can be influenced and so on.