Chapter 4- Building Competitive Advantage Through Functional-Level Strategies -: Answer the following questions: 1. Explain how an enterprise can...

60.1K

Verified Solution

Question

General Management

Chapter 4-  Building Competitive AdvantageThrough Functional-Level Strategies -:
Answer the following questions:
1.    Explain how an enterprise can usefunctional level strategies to increase its efficiency.
2.    Explain how an enterprise can usefunctional level strategies to increase its quality.
3.    Explain how an enterprise can usefunctional level strategies to increase its innovation.
4.    Explain how an enterprise can usefunctional level strategies to increase customerresponsiveness.

Answer & Explanation Solved by verified expert

3.7 Ratings (493 Votes)

Answer1 Functional business strategy is an area of operations management based on specific functions of a particular department Functional strategy is a part of a companys business strategy it acts like a backbone of the organization and it provides more information regarding the resources and capabilities on which the overall business strategy is designed The main functions of functional level strategy are integrating the activities within a specific functional area Some of the activities are advertising promotion inventory management purchasing and market research The functional level strategies are related to different areas like marketing production distribution channels etc Each functional level strategy influences the other strategy Finally the functional level strategy influences the production and other related activities that make the activities in a planned way and helps them to reach the efficiency levels in production activities and also the employees Efficiency outputs inputs A Company is a place where all inputs are transferred to outputs the efficiency of the employees or machines can be calculated by measuring the quantity of inputs that are used to produce a given output If a company uses minimum inputs to produce outputs then the company can said to be efficient Economies of scale are the unit cost reduction that is associated with the total large scale production levels If the economies of scale occur in the production then it the company is said to be efficient as See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member