Tasks of Corporate Strategy
- Moves to achieve diversification
- Actions to boost performance of individual businesses
- Capturing valuable cross-business synergies to provide 1 + 1 = 3 effects!
- Establishing investment priorities and steering corporate resources into the
most attractive businesses
Tasks of Business Strategy
- Initiating approaches to produce successful performance in a specific business
- Crafting competitive moves to build sustainable competitive advantage
- Developing competitively valuable competencies and capabilities
- Uniting strategic activities of functional areas
- Gaining approval of business strategies by corporate-level officers and directors
Tasks of Functional Strategies
- Game plan for a strategically-relevant function, activity, or business process
- Detail how key activities will be managed
- Provide support for business strategy
- Specify how functional objectives are to be achieved
Tasks of Operating Strategies
- Concern narrow strategic approaches to manage key operating units and strategically-
relevant operating activities
- Add detail to business and functional strategies
- Delegation of responsibility to frontline managers
Titany answered the question on
October 19, 2021 at 08:09