Strategies for different functions of management are known as functional level strategy.
Functional Level Strategy is concerned with operational level decision making, called tactical decisions, for various functional areas such as:
- Marketing
- Finance
- Production
- Logistics
- Research & Development
- Human Resource
Functional level Managers operate at lowest hierarchical level of strategic management.
This level is responsible for specific business functions or operations that constitute a company or one of its divisions. Functional managers play a strategic role to develop functional strategies in their area to fulfill objectives set by business and corporate level managers.
Types of Functional Level Strategies: R&D, Human Resource, Finance, Marketing, Production
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