Vidyalelo
Management · Q109

Strategic Management

Graduate and Post Graduate · Management · question 109

Q109

_________ strategy determines what businesses an organization should be in

A.
Business
B.
Organizational
C.
Operational
D.
Corporate
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
Corporate strategy determines what businesses an organization should be in. Corporate strategy is hierarchically the highest strategic plan of the organization, which defines the corporate overall goals and directions and the way in which will be achieved within strategic management activities. It is a long-term, clearly defined vision of the direction of a company or organization.