Homework Help

What is the importance of an organization’s functional areas to the strategic...

user profile pic

Mizdee | Student, Undergraduate | Valedictorian

Posted August 14, 2013 at 12:49 AM via web

dislike 1 like

What is the importance of an organization’s functional areas to the strategic management process?

1 Answer | Add Yours

user profile pic

Kay Morse | College Teacher | (Level 1) Senior Educator

Posted August 14, 2013 at 9:28 PM (Answer #1)

dislike 1 like

Functional areas are the departments, teams, or divisions that are devoted to particular functions of a business enterprise. Common functions are accounting, research and development, marketing, and international business.

The strategic management process is a four step process that analyzes the business environment for internal and external factors that might effect business plans, then develops and implements a strategic plan for advancing business goals and finally evaluates the implemented plan for effectiveness and revision.

Functional areas must be incorporated in the analysis of factors, the development of a plan for meeting objectives, the implementation of the plan and the evaluation of it as it relates to the overall business and the individual functional areas.

Sources:

Kay Morse

Join to answer this question

Join a community of thousands of dedicated teachers and students.

Join eNotes