Which of the following statements concerning the relationship among corporate,business,and functional strategies is correct?
A) Functional strategies guide the development of corporate strategies, which guide the development of business strategies.
B) Business strategies guide the development of corporate strategies, which guide the development of functional strategies.
C) Corporate strategies guide the development of business strategies, which guide the development of functional strategies.
D) Corporate strategies guide the development of functional strategies, which guide the development of business strategies.

Question

Quizplus · Accepted Answer

Corporate strategies guide the development of business strategies, which in turn guide the development of functional strategies. This is because corporate strategy is concerned with the overall direction and scope of the organization, while business strategy is focused on how a particular business unit or product line can achieve sustainable competitive advantage. Functional strategies are developed to support the implementation of business strategies.

Which of the Following Statements Concerning the Relationship Among Corporate,business,and