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    Comparison of Strategies in Business

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    Compare and contrast functional, business, corporate and global strategies.

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    A functional strategy is used when a specific functional area is used to achieve the organization's unit objectives and implement its strategies by optimizing resource productivity. In this kind of strategy, a distinctive competence or developed so that it can be used by the company or its business unit to achieve competitive advantage. An example of this the way an organization develop and nurtures its various business units with each unit having its own strategy, departments, and functional strategy.

    A business strategy defines the long-term direction and scope of a business so that it can achieve advantage ...

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    This solution provides a comparison of functional, business, corporate and global strategies in 346 words.