Podcast
Questions and Answers
Which level of strategy focuses on how to allocate resources among different business units and industries?
Which level of strategy focuses on how to allocate resources among different business units and industries?
- Operational strategy
- Competitive strategy
- Corporate strategy (correct)
- Functional strategy
What is the primary concern of operational strategy?
What is the primary concern of operational strategy?
- Market positioning
- Efficient resource allocation
- Long-term growth
- Day-to-day operations (correct)
Which strategy deals with how a business will compete in a particular industry or market?
Which strategy deals with how a business will compete in a particular industry or market?
- Competitive strategy (correct)
- Sales strategy
- Marketing strategy
- Product strategy
Which level of strategy deals with how a company should compete in a specific industry or market segment?
Which level of strategy deals with how a company should compete in a specific industry or market segment?
What is the primary concern of functional strategy?
What is the primary concern of functional strategy?
Which strategy level focuses on long-term direction and scope of the entire organization?
Which strategy level focuses on long-term direction and scope of the entire organization?
Study Notes
Corporate Strategy
- Focuses on how to allocate resources among different business units and industries
- Concerned with the long-term direction and scope of the entire organization
Business Strategy
- Deals with how a business will compete in a particular industry or market
- Concerned with how a company should compete in a specific industry or market segment
Functional Strategy
- Primary concern is the internal operations of the organization
- Focuses on how to allocate resources and organize activities to support the business strategy
Operational Strategy
- Primary concern is the efficient management of the organization's operations
- Focuses on how to manage the day-to-day activities of the organization
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Description
Test your knowledge of corporate strategy with this quiz on resource allocation among business units and industries. Learn about the different levels of strategy and enhance your understanding of strategic management.
