Identify a true statement about corporate strategy at the top level of management.
A) It defines the focus for strategic business units of an organization.
B) It provides the means by which business strategies are accomplished.
C) It is necessary to define the businesses in which an organization will participate.
D) It defines how an organization's processes are designed and organized.

Question

Quizplus · Accepted Answer

Corporate strategy at the top level of management is necessary to define the businesses in which an organization will participate. This includes decisions about which industries, markets, and geographies the organization will operate in, as well as any divestitures or acquisitions that may be necessary to achieve the desired portfolio of businesses. Corporate strategy also provides guidance on how resources should be allocated across the organization's various businesses and functions, with the goal of maximizing overall performance and competitiveness. While corporate strategy may inform the design and organization of processes at lower levels of the organization, this is not its primary focus. Similarly, while it may provide a broad framework for strategic business units, it is not typically responsible for defining their specific focus or implementation plans.

Identify a True Statement About Corporate Strategy at the Top