Within a diversified company, the responsibilities of corporate-level strategic managers include
A) translating the corporate mission statement into concrete strategies for individual business units.
B) closely supervising the formulation of strategies at the functional level that support the company's business- and corporate-level strategies.
C) allocating resources to functions within business units.
D) identifying and establishing relationships with supplier firms.
E) overseeing the development of strategies for the total organization and allocating resources among its different businesses.

Question

Quizplus · Accepted Answer

Within a diversified company, the responsibilities of corporate-level strategic managers include overseeing the development of strategies for the total organization and allocating resources among its different businesses. This involves making decisions about which businesses to invest in, which to divest, and how to allocate resources among them to maximize overall performance. Corporate-level strategic managers also play a key role in identifying opportunities for synergy and collaboration between different business units, and in ensuring that the company's overall strategy is aligned with its mission statement and core values.

Within a Diversified Company, the Responsibilities of Corporate-Level Strategic Managers