Verizonâs Billion-Dollar Story. Communications giant rings up big savings with shared services. In the telecom industry, many of the major players have corporate roots that reach back to Alexander Graham Bellâs invention of the telephone and his founding of what is now AT&T.
To say that a business has a functional level strategy for product development, for instance, means that the company has developed a strategy for selling its goods and services to customers. Functional business strategy is part of an organization's wider strategic plan.
The operational plan is a section of the overall business plan that concerns how the company will operate from day to day.hen companies can make products or offer services that are better, faster or cheaper but still maintain quality, they are operational innovators, according to an article penned by Michael Hammer for the Harvard Business Review Magazine in April 2004.