Functional Strategies Formulation in Business Management

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What is the purpose of policies in an organization?

To provide guidance for employees to do their jobs

Who typically sets goals for subordinates according to the text?

Employees themselves

What is the role of procedures in an organization?

To guide employees in daily job tasks

How do policies and procedures cascade down in an organization?

From top management to subordinates

Which aspect of an organization do policies primarily aim to align employees with?

Company's plans and goals

Learn about how departmental managers formulate functional strategies within businesses to achieve specific goals and objectives. Understand the importance of aligning departmental strategies with overall business strategies.

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