In: Finance
Which of the following is an aspect of functional
strategy?
It is customized to a specific functional area of the company |
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Deliberately chooseing a different set of multy-functional activities to deliver value uniquely |
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Combines overal corporate end goals for which the firm is striving and means to get there |
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Determines the business in which a company will compete |
There are different types of strategy in an organisation. There are basically three corporate, business and the functional strategy. The corporate strategy is the highest level strategy. Then the lower level of strategy is business strategy. It concerned with the strategy at the business level. The lowest level of strategy is functional one. It is included at each functional level. So, given the strategies at the corpoarte and business levels are incorrect and the strategy at the functional level is correct.
So, the customized specific functional area is an aspect of functional strategy.