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Functional strategies
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Functional Strategy deals with a relatively plan designed to achieve objective in a specific functional area, allocation of resources among different operation within that functional area and co-ordination among different functional areas for optimal contribution to the achievement of the business and corporate level objectives
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Vertical Fit
Continues.
A key task of strategy implementation is to align or fit the activities and capabilities of an organization with its strategies
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Vertical Fit Strategies operates at different levels and there has to be congruence and co-ordination among these Strategies. Such congruence is the Vertical Fit.
Horizontal Fit there has to be congruence and co3/21/12 ordination among different activities a
For effective implementation, strategies have to provide directional to functional managers regarding the plans and policies to be adopted. The effectiveness of Strategic Management depends critically on the manner in which strategies are implemented.
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Need
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The Strategic decisions are implemented by all the parts of an organization. There is a basis available for controlling activities I the different functional areas of the business Coordination across different functional place where necessary
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the takes
Configuration
Financial Plan & Policies Operation al Plan & Policies
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The plan and policy for operation are related to the production system, operational planning and control and research and development(R&D). As shown in the diagram how Strategies may influence operations plans and policies
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Operation Plan & Policies Operational System Objective Operational System Structure 3/21/12
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Thank you
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