Types Functional Strategies

i) Human Resource strategies
This is the most important functions are in which there as need to develop strategy in
Human Resource, the functions include;
• Attracting, assessing, motivating and retaining a number of employees required to run
the business effectively.
• This function is also responsible for the formative function planning and evaluating the
loyalty of the work environment. Take-collectively, the set of decision concerning people
is what is considered as H.R strategies.
• Like other strategies, it is issued on analyzing the internal and external environment.

External analysis may include activities such as
• Tracking union basics and regulation
affecting employment
• Studying in labour unions and labour unions negotiation and
•Analyzing changes in labour market.

Internal analysis in the other hand include:
• Investigating specific area in low
productivity.
• Excessive labour turnover and
• High on the job accorded rate as well are ability to motivate staff.
• Company with good Human Resource strategies with specific characteristics.
• The Company has a genuine long term for people and also processes a positive view of employees as an assets.
• They are good training, and advancement system.
• They pay well and have good compensation programme.
• They are also able to retain employee’s low labour turnover
• They are good internal communication and open system
• Encourage employees participation in decision making there is top management commitment to Human Resource.
ii) Marketing strategies
Marketing specialist in an organization normally focus on determining appropriate
marketing for the business offering in term of product and services. There is need to
develop strategies in 4 major areas:
• Product strategy
• Pricing strategy
• Distribution strategy
• Promotion strategy.
iii) Production strategy
Production or operation strategy requires people in such department to focus on making
decision about required plant capability manufacturing and production procession and
lavatory requirement. There are two important aspects of production or operation
strategies;
• Strategy should control or low cost of production and
• It should improve efficiency and productivity of plan operation.
iv) Research and development strategy
In many organization and industries the rural become questionable without research and
development. This is because – occur in taste and preferences of customer and some
products reach the decline stage. It is the role of R &D specialist to come up with new
product for the organization. R & D is very important. A view product can be highly
profitable. The research has shown that one characteristic of a successful Company is one
that is innovative Microsoft e.g. R&D requires well planned strategies because it is
normally time consuming, expressive and risky. It is however caution to encourage
innovative ideas and strategies that can help an organization to survive.
v) Financial strategies
Financial specialist is responsible for forecasting and financial planning evaluating
investment proposals as well as securing credit and finance for various projects. They
contribute to strategy formulation by accessing the potential project impact of various
strategic alternatives and evaluating the financial condition of the business.

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Titany answered the question on October 19, 2021 at 12:50