When using age as a variable, however, the researcher gets the whole thing, not just the outcomes of interest in that instance. That is, I believe that many observed variables are inherently multidimensional latent variables.
Stockbyte/Stockbyte/Getty Images. Functional strategies are operational guidelines that dictate how the various parts of the company operate. A functional strategy outlines the hierarchy within the finance group, the responsibilities of that group and how that group interacts with the rest of the company.Each functional strategy offers benefits and limitations on the way in which the company operates. functional strategy outlines the hierarchy within the finance group, the responsibilities of that group and how that group interacts with the rest of the company. Each functional strategy offers benefits and limitations on the way in which the company operates.
What is Functional Human Resource Management? Students considering a career in human resources should understand what is involved in Functional Human Resource Management. According to an article in Chron.com, human resources is the glue that holds an organization together; functional management areas are the ingredients in the glue. Most sources divide human resource management into five or six areas.