Topic > Importance of Value Creation in an Organization

Orkut, e-bay and Best Buy are some of the organizations that were popular in their home country but failed abroad when they tried to expand their businesses due of inadequate business strategies and competitors. Efficiency of Functional Level Strategies: Functional level strategies are the basis of the existence of any organization as they define the operational and business expansion methods to be implemented in business operations. A functional level strategy to increase sales, increase production values, create value in the marketplace, and expand business operations. Each functional strategy can be implemented separately or can be implemented in parallel to achieve the business objective. The business operations of any organization depend on the operational efficiency of functional level strategies that strengthen the organization's core values ​​from the base point and achieve maximum outcome. A profitable functional strategy considering all internal and external factors and designing a strategy to avoid all of them is necessary for every organization to be efficient in the market and also to gain a competitive advantage in the market.