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Strategy is developed at different levels in large organisations. The process starts with the corporate strategy which is then translated into the strategy for the business divisions and business functions.
Explain the important role that the corporate level strategy has in relation to the development of the business and functional strategy in a multi-business organisation.
The business method is concerned with how a business unit approaches a certain market. Management will be responsible for winning customers and beating rivals in the certain market. The functional strategy looks at how the dissimilar functions of the business support the corporate and business strategies.
Process Planning Process planning is the systematic determination of method or process by which the product is to be manufactured economically and competitively within the limits
Standardization of Work Processes: The interrelated processes of an organization need to be standardized which help to determine how work is organized and how customer needs
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