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.
An operational plan is important because it helps your team to: 1  Be clear about where you will get the necessary resources. 2  Use those resources efficiently. 3  Clearly define the most critical resource requirements. Reduce risks where possible, and prepare contingency plans where necessary.