Strategic Choices in Corporate Management

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Strategic intensification, strategic diversification, and strategic exits (correct)
Combination strategies and strategic alliances
Relative costs & risks and benefits of corporate strategies
Formulating strategic options

A passive approach to business decision-making
A deliberate search for a plan of action to develop competitive advantage (correct)
An automatic process that leads to optimal performance
A random sequence of actions to achieve business success

<p>Different levels of an organization (B)</p> Signup and view all the answers

<p>Necessitate coordination of strategies for optimal performance (C)</p> Signup and view all the answers

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Focus on reconciling trade-offs, allocating resources, and prioritizing opportunities to achieve organizational goals.

Described as a plan of action to achieve organizational goals, taking into account internal and external environments.

Involves analyzing the organization's internal and external environments, identifying opportunities and threats, and making decisions about how to allocate resources to achieve strategic goals.

Purpose is to create competitive advantage by combining the strengths of multiple organizations or businesses to achieve shared goals or overcome shared challenges.