1.Corporate Strategy 2.Business Strategy 3.Functional Strategy Corporate Strateg
ID: 373825 • Letter: 1
Question
1.Corporate Strategy
2.Business Strategy
3.Functional Strategy
Corporate Strategy-This is the basic level of the strategy which should be concentrated by the large organizations.This is also an planning stage where planning should be done in one project because different projects have different strategies.This designs the direction that which organization should follow.
Business Strategy-This defines that how the organization should compete with others in each of its business.As a large organization it has different kinds of products and services to sell so that all the products have different strategies to execute.
Functional strategy-All the business strategies should be supported by the functional strategies.Every day their should be a strategy then organization will go in the right direction.All the functional departments should support the business strategy because without the functioning in the organizatyions products cannot be manufacturer and there will be no output.
Explanation / Answer
List and discuss the three levels of strategy that a large organization must develop.
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