BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Business strategy
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Corporate strategy
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Functional strategy
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National strategy
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Detailed explanation-1: -A competitive strategy is the method by which an organization attempts to achieve its mission and objectives.
Detailed explanation-2: -Corporate strategy defines what business or businesses the firm is in or should be in. A corporate strategy is a special long-term plan or framework that is created with the goal of gaining a competitive advantage over other market participants while delivering on both stakeholder and customer/client promises.
Detailed explanation-3: -Business level strategy is the strategic planning and implementation activities that occur in order to set and steer the direction for an individual business unit. These activities will generally include how to gain a competitive advantage and create customer value in the specific market the business unit operates in.