E. STRATEGY FORMULATION: FUNCTIONAL STRATEGY AND THE STRATEGIC CHOICE PROCESS
providing at least one example for each topic. These examples may present positive or negative outcomes.
a. The variety of functional strategies that an organization can use to achieve its goals and objectives.
b. The activities and functions suitable for outsourcing to acquire or strengthen competitive advantage.
c. The use of various strategies and their risks.
d. Business scenarios to evaluate strategic options.
e. Stakeholder priority matrix to assist in strategic decision-making.
f. Business policies for implementing corporate and functional strategies.
ESSAY REQUIREMENTS:
Length: The essay must have at least 5 pages of content.
Formatting:
Font: Times New Roman, size 12.
Spacing: Double-spaced.
Margins: 1-inch on all sides.
Style: APA 7 format for headings, citations, and references.
Cover Page: Include a cover page with the essay title, group members’ names, course name, professor’s name, and submission date.
Table of Contents: A separate page before the main content, including headings and subheadings with page numbers.
Introduction: Clearly introduce the topic, highlighting the importance of understanding Functional Strategy and the Strategic Choice Process in the health and longevity of institutions.
Content Body: As previously described.
Conclusion: Summarize the main points of the essay, emphasizing the relevance of Functional Strategy and the Strategic Choice Process in today’s business world, both for new and established companies.
References: Include at least four references from reliable academic sources, such as textbooks, peer-reviewed journals, or business case studies.
