A company can have one corporate strategy but many business strategies.

Question

Quizplus · Accepted Answer

This is true since a corporate strategy is focused on the overall direction and goals of the entire company, while business strategies are specific plans and tactics for individual business units or product lines within the company. Therefore, a company can have one overall corporate strategy that guides all of the various business strategies in different areas of the company.

A Company Can Have One Corporate Strategy but Many Business