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.
Functional Level Strategy. is a plan of action to improve the ability of each of an organization's functions or departments (such as manufacturing or marketing) to perform its task-specific activities in way s that add value to an organization's goods and services.unctional Level Strategy. is a plan of action to improve the ability of each of an organization's functions or departments (such as manufacturing or marketing) to perform its task-specific activities in way s that add value to an organization's goods and services.