Differences Between Business Strategies and Functional Tactics

The main functional areas of a business are marketing, human resource, finance, information systems and production. All these interact with each other in different ways but all contribute to effective management. Management would not be completely effective if one of the above areas are missing. They are all needed in different ways to make sure that the business reaches objectives, achieves effectiveness and efficiency and while doing this trying to get a balance in which they can satisfy different stakeholders.

The relationship between strategic management and operations management: significantly Operational goals and strategic goals are dissimilar, it is vital to be familiar with that strategic management and low-level management are closely interconnected. Corporation cannot achieve their planned goals if it fails to successfully transform it into practical operational goals. simultaneously, if operational goals are not planned to influence the success of planned goals then it will lack unity with each other and with the whole structure. Meanwhile, operational goals are a day to day tasks. Once a day to day task is achieved then long term goals will be automatically achieved. For achievement of goals, operational management must be loyal, motivated, trained, and hardworking, since their involvement is most important. D) Produce system diagram that shows the business manages their operation effectively.

An operating strategy “concerns the relatively narrow approaches for managing key operating units and specific operating activities with strategic significance” (32). The

Each business and organization has their own way on how the operate as well as how they organize within their organization. Different organizations have different operations, responsibilities as well as services that they provide. When organizations are operating they have certain plans, policies, and rules to develop and follow in order to have efficient strategies. When a new project is put into effect, the strategies will then need to be put into effect. When organizations such as Target implements the organizing functions of management, Target will need to use many different resources in order to aid their organization.

Describe strategic planning techniques used to formulate alternative strategies designed to achieve stated business goals.
Create a plan to implement a firm’s strategy and manage the change from current operations. Analyze strategies for exerting the internal leadership needed to drive the implementation of strategic initiatives and improve operating excellence.

A successful business strategy can help companies effectively execute and stay ahead of the competition. Maintaining strategic direction and relentlessly executing - rather than reacting to competitive conditions - is the most consistent route to success. Along with a successful strategy, a company needs to focus its culture and align it with employees. Aligning the right people in the right roles with the right strategy for your business will lead to organizational success.

Within the general framework created by the business’s generic and grand strategies, each business function needs to undertake activities that help build a sustainable competitive advantage. These short-term, limited-scope plans are called functional tactics. A radio ad campaign, an inventory reduction, and an introductory loan rate are examples of tactics. Managers in each business function develop tactics that delineate the functional activities undertaken in their part of the business and usually include them as a core part of their action plan. Functional tactics are detailed statements of the “means” or activities that will be used to achieve short-term objectives and establish competitive advantage.

The four functions of the management are Planning, Organizing, Leading, and Controlling. Planning is the first function which is the foundation pillar of management. All the positive styles will help me as a manager to determine the organization goals and objectives. Power and competitive are the two styles that draw closer to effective planning. Power gives me the ability of control and position to plan ahead. I would begin the process by reviewing the current operations within the organization and classify what improvements are needed to be made. Effectiveness of planning can lead to setting goals and giving employees a challenge for better performance. This is one of the key methods of the planning process. I have to make sure as a manager the organization is not allowing themselves to be too satisfied. If the organization reaches a stage to be satisfied on how they are performing then it loses to the competitors.

Tactical execution of the above strategies requires the following keys to success: provision of high quality work, paying great attention to professionalism in all business dealings, maintenance of a high managerial oversight and use of a highly competent workforce who are able to explain intricate business values to our clients. This is the most important part as it involves practicability of the stated objectives and our adaptability to laid down changes to be implemented. This includes optimal resource allocation, building on our strengths, resolving of various threats we are facing, pursuing of opportunities available in our scope and resolving our weaknesses through communication.

The four functions of management, planning, organizing, leading, and controlling, are very essential in building strong organizations and even stronger more effective teams. Planning, organizing, leading, and controlling are the functions of management. These function activities must be preformed by all managers regardless of their industry level, title, or the task they have at hand. These four management skill are used when ever a project or a task is at hand. Even in the field we are working in, many of us may have been using the four management functions and not noticed what they were, or we may have been a part of a team that was lead by the functions of management and not noticed what was

The four functions of a manager are planning, organizing, leading, and controlling. These are key elements that managers must understand to run a successful organization. I will view each concept as well as their roles to acknowledge how these functions have been related to my personal experience in the work environment. Behind the scenes of a manager, they spend an equal amount of time planning so that he or she can successfully achieve the leading and controlling functions. These functions are standard for any industry that is striving to maintain a strong organization. While reviewing this paper, try to think of the four functions as a method that is established to build on each other. The four functions must be performed efficiently, and when done correctly, an organization will reap the accomplishments from a well-defined plan. My own experiences of how the four functions operate illustrates that each role requires a manager to devote time and patience in order to ensure that the main principles are achieved.

Functional-Level Managers: Focus on specific functions and create strategies used to achieve the goal of the above two levels’ strategies.

Human Resource Management (HRM) is the terminology used to illustrate formal systems devised for the management of people within an organization. It is the method of managing an organization or company that is directly related to the employees of that particular organization. The success of a business often rely heavily on the performance of managing human resource. Maximizing the desires and benefits of an organization and helping a business grow by rewarding employees to help motivate and push them in their performance is one of the main aim of HRM. By doing this, it will have a positive impact on both the company and it’s entire organization.

Functional managers have specialties such as engineering and manufacturing. They are usually selected for their technical expertise and ability to control the day to day operations. Functional Managers are considered cross-functional team and are self-directed to assign to a specific task. This type of management have different responsibilities, but all work to perform the same function of the department.

According to Decenzo and Robbins (1994), “Human Resource Management is a process of procuring, developing and maintaining the performance level of the employees to achieve the organizational goals in an efficient and effective manner”. The HRM practices of recruiting and selecting employees, training them for their job, evaluating their