Types of Business Strategies Quiz

The development of long-range plans for the effective management of environmental opportunities and threats, in light of corporate strengths and weaknesses.

Finding the best fit between the company’s capabilities and its opportunities in the environment.

Developing a vision and mission, identifying external opportunities and threats, determining internal strengths and weaknesses, establishing long-term objectives, generating alternative strategies, and choosing particular strategies to pursue.

<p>Three levels.</p> Signup and view all the answers

<p>Strategic decision making at the highest level, firm objectives, resource allocation, and coordination of strategies among SBUs.</p> Signup and view all the answers

<p>Top management like the board of directors and the Chief Executive Officer.</p> Signup and view all the answers

<p>Value-oriented, conceptual, and less concrete than decisions at the business or functional level.</p> Signup and view all the answers

<p>Actions taken to compete effectively in a specific industry or market segment.</p> Signup and view all the answers

<p>Diversification involves expanding into new markets or products and is a key consideration in corporate-level strategy.</p> Signup and view all the answers

<p>Strategic Business Units (SBUs) are unique business entities that operate independently and contribute to the overall corporate strategy.</p> Signup and view all the answers