BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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which business or businesses to compete in
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how a subsidiary positions itself among local rivals
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who should run the multinational firm
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which business should be divested
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Detailed explanation-1: -Corporate level strategy deals with objectives of the corporate. we can simply say that corporate level strategies are concerned with questions about what business to compete in. Corporate Strategy involves the careful analysis of the selection of businesses the company can successful compete in.
Detailed explanation-2: -In a nutshell, a corporate-level strategy deals with an organization’s overall objectives and long-term vision, procurement and effective utilization of resources and coordination of multiple mid-or low-level strategies across various levels and departments.
Detailed explanation-3: -What is corporate strategy? Corporate strategy is a unique plan or framework that is long-term in nature, designed with an objective to gain a competitive advantage over other market participants while delivering both on customer/client and stakeholder promises (i.e. shareholder value).
Detailed explanation-4: -They’re also called generic strategies, taking a page off of Michael Porter’s book, specifically “The Guru of Strategy, ” and this type of strategy answers the question, “How will we win?”