It is assumed that you will have a pharmaceutical functional expertise gained from at least 4 years in the industry and an understanding of the strategic issues affecting the industry.
A major challenge for a design team is to balance functional expertise with a client's need for integrated teams focusing on solutions that enable users to create value.
Different VC investors can add a thematic perspective, complementary skillset, functional expertise, network in a specific domain, or tangible operational help to a venture.
But if the objective is to improve functional expertise, a more targeted executive education program might be suitable.
For example, when a company reorganizes into a team-based structure, employees with functional expertise may create communities of practice as a way of maintaining connections with peers.
Instead, 58% of respondents from Central/Eastern Europe believed that technical or functional expertise in a manager was important (in other regions, only a third or fewer respondents agreed).
Exhibit exceptional leadership performance, functional expertise, and a commitment to leading innovation.
This includes functional expertise in a discipline like finance, manufacturing, sales, and marketing.
Because the various businesses within such a company draw on the same functional expertise (marketing, R&D, and so forth), and because that expertise is strategically important in differentiating the company from its competitors, it needs to be represented at the highest level of decision making, where it can be most effectively leveraged on a global basis.
Typically, boards "consider an individual's title, industry background and functional expertise," the psychologists, Peter G. Spanberger and Susan M. Jackson, wrote.
A product unit, for example, developed its own functional expertise distinct from the functional units at the next level up.
