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Explain Functional strategy
Functional strategy for J plc will be concerned with how the constituent parts of the organisation can effectively deliver the corporate and business level strategy in terms of resources, processes and people. Strategies at this level are concerned with ensuring the several functions like as production, marketing, human resources etc. can contribute to the achievement of corporate objectives. These strategies are to make sure a balanced portfolio of resources for business and corporate strategy execution.
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Division Y has annual operating profit of £40 million after charging £6 million for the development cost of a new product which has been launched and is expected to last this year
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