The document discusses different levels of organizational strategy including the corporate, divisional, and functional levels. The corporate level refers to top management directing the entire organization. Divisional level strategies achieve goals for specific business units. Functional level groups focus on strategic directions in areas like marketing and production.
Additionally, it examines strategic focus at the corporate, operational, and tactical levels. Corporate focus involves targeting niche markets. Operational focus develops efficient systems and procedures. Tactical planning outlines specific steps to achieve goals.
Finally, it outlines long, medium, and short term time periods for strategies. Long term goals take years to achieve. Medium term goals span 1.5-5 years. Short term goals are completed within 12 months
The document discusses different levels of organizational strategy including the corporate, divisional, and functional levels. The corporate level refers to top management directing the entire organization. Divisional level strategies achieve goals for specific business units. Functional level groups focus on strategic directions in areas like marketing and production.
Additionally, it examines strategic focus at the corporate, operational, and tactical levels. Corporate focus involves targeting niche markets. Operational focus develops efficient systems and procedures. Tactical planning outlines specific steps to achieve goals.
Finally, it outlines long, medium, and short term time periods for strategies. Long term goals take years to achieve. Medium term goals span 1.5-5 years. Short term goals are completed within 12 months
The document discusses different levels of organizational strategy including the corporate, divisional, and functional levels. The corporate level refers to top management directing the entire organization. Divisional level strategies achieve goals for specific business units. Functional level groups focus on strategic directions in areas like marketing and production.
Additionally, it examines strategic focus at the corporate, operational, and tactical levels. Corporate focus involves targeting niche markets. Operational focus develops efficient systems and procedures. Tactical planning outlines specific steps to achieve goals.
Finally, it outlines long, medium, and short term time periods for strategies. Long term goals take years to achieve. Medium term goals span 1.5-5 years. Short term goals are completed within 12 months
Is also called grand strategy and it refers to the top
managements proposal for administering and directing the entire concern
For example, building on the diversification example, the
functional level strategies that support that business level strategy might be: R&D: Redesign product. Marketing: Implement new advertising plan. Production: Make changes to existing infrastructure Name : Asma Farhan libaan Collage: Business administration Class: 1B ID: 2022168 2. Divisional level:-
These are corporate strategy – big-picture management
decisions that effect the entire organization; divisional strategy – decisions limited to achieving the goals of specific business units; and functional strategy – decisions relating to marketing, finance and operational performance
An example of divisional level is McDonald’s one of the
leading fast-food chains in the world
3. Functional level
The next way of planning is functional or tactical
planning
The functional level in an organization is where groups
of specialists from the marketing, finance, manufacturing/operations, accounting, information systems, research and development, and/or human Name : Asma Farhan libaan Collage: Business administration Class: 1B ID: 2022168 resources departments focus on a specific strategic direction to create value for the organization Focus 1. Focus Strategic :-
Focus strategy involves targeting your products
to a niche market or targeted audience.
An example of focus strategy is TOMS, Frog
Box, and Ten Tree Apparel. All three of these companies uses the “Focus Strategy”
2. Focus operation:-
Name : Asma Farhan libaan
Collage: Business administration Class: 1B ID: 2022168 An operations-focused company develops a culture focused on systems, procedures, and the bottom line
For example, a window washing company
can set the operational goal to create a daily process for each employee that makes them efficient
3. Tactical planning
A tactical plan is when you focus on the
specific steps you need to take in order to achieve a goal
Name : Asma Farhan libaan
Collage: Business administration Class: 1B ID: 2022168 An example of a tactical planning assume that you have a company that sells insurance products in a large modern area
Time period
1. Long term:-
In along term period the goal is to solve the
problems permenantly, a long term peiod often takes years to achieve.
Name : Asma Farhan libaan
Collage: Business administration Class: 1B ID: 2022168 For example if a women sets a goal of having a 1 million dollar asset this wont happen in an overnight but she have to set a series of short term goals.
2. Medium term:-
Are those who take a time between 18
months to three or even five years.
An example is that you may have failed
chemistery med-term exams but you set a goal by trying to achieve maybe 80% in the final exams
Name : Asma Farhan libaan
Collage: Business administration Class: 1B ID: 2022168 3. Short term:-
A short-term goal is something you want to
accomplish soon. A short term goal is a goal you can achieve in 12 months or less
For example reading two books every
month or reciting quran daily.
Name : Asma Farhan libaan
Collage: Business administration Class: 1B ID: 2022168