unit 7a startegic descisoin making and fucntional descion making

Question 1

strategic descisions have great implications for

Answer 1

those responsible for taking descisions within a bs functions

Question 2

functions are

Answer 2

areas that comprise bs

H
O
M
F

Question 3

Functional descison

Answer 3

judegemnt taken by managers responsible for one aspect of a bs activities such as mkting

Question 4

functinoal descisions are intended to

Answer 4

support SDmaking and achievement of corp obj

Question 5

startegic descison taken first then

Answer 5

functional descisions

Question 6

b sets corp obj relating to growth may take stratgeic descison to enter new mkts what effect does this have on MKTING

Answer 6

mkting may need to take desciosn about researching into consumer needs in diff mkts

and launching new products

or adapting existing ones

Question 7

b sets corp obj relating to growth may take stratgeic descison to enter new mkts what effect does this have on FINANCE

Answer 7

raise capital to fund expansion or seeking more effective way to msnsge cash flow at time of rapid growth

Question 8

b sets corp obj relating to growth may take stratgeic descison to enter new mkts what effect does this have on HR

Answer 8

preparing new workforce plans to meet expected increase in the scale of production

Question 9

b sets corp obj relating to growth may take stratgeic descison to enter new mkts what effect does this have on OPERATIONS

Answer 9

increased of tech in production to gain price ompetitiveness in new mkts

Question 10

why do functional descision have to be coordinated

2 marks

Answer 10

ensure diff functions work effectivley together to support the SD

joined up thinking is required