What distinguishes an organization's corporate strategy from its business strategy?
A) a focus on company-wide and overall objectives
B) a focus on short-term survival and growth
C) a focus on the line of business
D) a focus on competition

Question

Quizplus · Accepted Answer

Corporate strategy focuses on the overall objectives and direction of the entire organization, whereas business strategy focuses on specific business units or lines of business. Corporate strategy often involves decisions about mergers and acquisitions, diversification, and resource allocation across different business units. Business strategy focuses more on market positioning, competition, and operational planning within a specific business unit.

What Distinguishes an Organization's Corporate Strategy from Its Business Strategy