matthew has written his mission, vision, and value statements. he has completed his organizational assessment. what is his next step?

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01-10-2021
Business

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matthew has written his mission, vision, and value statements. he has completed his organizational assessment. what is his next step?

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Jaquelinefvridn Jaquelinefvridn · Answer 1 · 2021-10-04T09:49:14-04:00

After completing the organizational assessment, Matthew's next step should be to formulate the functional strategies.

The action plans that a company develops in different areas to achieve its objectives and goals in the short and long term are called functional strategies.

It is the set of strategies of the areas:

Commercial
Financial
Marketing
Production
Human Resources
Distribution
Technology

As a company is an integrated system that works to achieve a common goal, which in general is to be profitable and competitive in the market, the functional strategies must be aligned with those at the corporate and organizational level.

Therefore, the formulation of functional strategies is essential for the integration and optimization of organizational resources in order to achieve a company's objectives and goals.

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