What Is the Difference Between Corporate, Business and Functional Strategy

question 47

Essay

What is the difference between corporate, business and functional strategy?

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Definitions:

Underutilizes Resources

A situation where the full potential of available resources is not being exploited or used to the maximum extent possible.

Team-Based Organizations

Team-based organizations structure their operations around groups of employees, leveraging teamwork for increased efficiency and innovation.

Communities of Practice

Groups of people who share a concern or passion for something they do and learn how to do it better as they interact regularly.

Self-Directed Teams

Groups of employees who are given autonomy to manage their work and make decisions without direct supervision.