In the hierarchy of strategies,_____ strategy defines the businesses in which a company will compete,preferably in a manner that utilizes resources to convert distinctive competence into competitive advantage.

Question

Quizplus · Accepted Answer

The corporate strategy is focused on defining the businesses in which a company will compete. This involves making decisions about which markets to enter, which products to offer, and how to allocate resources in a way that leverages the company's distinctive competencies to create a sustainable competitive advantage. This is a top-level strategy that guides the overall direction of the company and sets the stage for other strategies at the business or functional level. A, C, D, and E are all lower-level strategies that support the corporate strategy.

In the Hierarchy of Strategies,_____ Strategy Defines the Businesses in Which