It is important that an organization periodically (at least annually, usually as part of the medium-term planning process) review all functional strategies to assure that they are:
Consistent with the business
Supportive of the business strategy
Consistent with other functional strategies
Supportive of other functional strategies
Best utilize the organizations strengths
Lead to the level of efficiency and effectiveness desired
Create or maintain functional competitive advantages, if desired
Are within the organization's resource constraints
Each organization may contain a variety of functional areas, however, the following represent what are usually the most significant functional areas of concern regarding strategy.
Accounting: Functional Strategies
Human Resources: Functional Strategies
Information Systems: Functional Strategies
Marketing: Functional Strategies
Production/Operations: Functional Strategies
Research & Development: Functional Strategies
© Copyright 2000 Raymond S. Kulzick. All rights reserved. 000730.
This publication provides business, financial planning, and/or tax information to our clients. All material is for general information only and should not be acted upon without seeking appropriate professional assistance.