For this essay, you will conduct research on corporate strategies and the affect they have on the decision process. As you explore the decision process, consider how corporate strategies influence...

Corporate strategies and the affect they have on the decision process
An holistic and portfolio approach is taken by the corporate strategy of an organization since it takes into consideration entire business of an organization, evaluate them and then determine how to drive them such that it create maximum value. Developing a Corporate Strategy is critical since it has to factor various business of the organization has to complement each other, how different business portfolio influence one another and how is the parent company structured such that it can optimize the processes, compliance and human resources.
Essentially, corporate strategy is the mother of all the strategies that an organization drives from since it comes at the top of all other strategy. Therefore, it derive strategic decision making for other business functions in the organization. Corporate Strategy is crucial in decision-making process because it provides the blueprints for the organizations where to focus on and set the resources as per the priority. By the virtue of Corporate Strategy, leaders decide how should the resources be allocate, what should be the best organizational design and what should be included in portfolio of business such that competitive advantage is achieved.
1. What is a functional strategy?
A Functional Strategy is an assessment of different departmental strategies of the organization. Primarily, there are eight essential functional strategy that is based on domain of the business, for instance, Research and Development (R&D), Sales & Marketing, Human Resource Management, Finance, Operations, Order processing and Logistics and lastly Information Technology. All of these department and their strategies taken together makes functional strategy, since organization utilizes their goals to project the plans that is accounted to overall business...