BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
Question
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Detailed explanation-1: -Key corporate strategy decisions may include whether to enter, retain, or exit a given business; whether to pursue growth internally or externally, i.e. through alliances or acquisitions; and how to allocate resources within a portfolio.
Detailed explanation-2: -A corporate-level strategy is a multi-tiered company plan that leaders use to define, outline and achieve specific business goals.
Detailed explanation-3: -Strategic decision making within any organization takes place on three levels. The difference between the three levels of strategy in an organization is the level at which they operate in a business. The three levels are corporate level strategy, business level strategy, and functional strategy.
Detailed explanation-4: -In other words, corporate-level strategies are basically about decisions related to allocating resources among the different businesses of a firm, transferring resources from one set of businesses to others, and managing a portfolio of businesses in such a way that the overall corporate objectives are achieved.