Business, functional, and operating strategies

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Reference no: EM1338516

This has me very frustrated as to how to frame up the first part of this assignment. HELP! What is expected of this first portion, do I need to reword all the corporate philosophies of each of these four businesses? How would you approach making this a succesful assignment?

Now that you have studied economic indicators, it's time to turn your attention to competition and considering the future via forecasting. Prepare a report detailing the following

1. Review the web sites of the following companies participating in the power tool industry: Black and Decker, Makita, Bosch, Porter Cable. List as many corporate, business, functional, and operating strategies for each company as you can glean from the posted literature

2. Considering that forecasting services and other information agencies often differ in their prediction of the future state of the power tools industry and vital economic indicators, how would you go about putting a forecast together given these disparities?

This is what I have found in my text: It defines functional and operational as the same thing. What do I do about that?

Corporate Strategy

...as that strategy concerned with the broad and long-term questions of what businesses and organization is in or wants to be in and what it wants to do with those businesses."(Coulter, p.216, 2005)

2. Business Strategy

per index is related to competitive strategies.(Coulter, p. 183, 2005)

3. Functional Strategy

"Functional strategy (or operational strategies) as the short-term goal directed decisions and actions of the organization's various functional areas." (Coulter, p. 140, 2005)

4. Operational Strategy

"Functional strategy (or operational strategies) as the short-term goal directed decisions and actions of the organization's various functional areas." (Coulter, p. 140, 2005)

Reference no: EM1338516

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