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.
Operational plans can be a singleâuse plan or an ongoing plan. 1  Singleâuse plans apply to activities that do not recur or repeat. A oneâtime occurrence, such as a special sales program, is a singleâuse plan because it deals with the who, what, where, how, and how much of an activity. A budget is also a singleâuse plan because it predicts sources and amounts of income and how much they are used for a specific project.