This is the first 1,000 characters of 6807 words (27.23 pages) in the essay titled Business Reengineering
1. FUNCTIONAL TACTICS
Functional tactics are the key, routine activities that must be undertaken in each functional area that is human resource management, marketing, finance, production/operations and research and development to provide the business ‘s products and services. Hence functional tactics translate thought (grand strategy) into action designed to accomplish specific short- term objectives. Every value chain activity in a company executes functional tactics that support the business’s strategy and help accomplish strategic objectives.
1.1 Differences Between Business Strategies and Functional Tactics
Ø Functional tactics are different from business or corporate strategies in three fundamental ways:
i. Time horizon.
iii. Participants who develop them.
Ø Functional tactics identify activities to be undertaken “now” or in the immediate future. Business strategies focus on the firm’s pos...
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