A ‘corporate strategy’ encompasses?
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Answer: D. Both a and b
Explanation
Corporate strategies encompass broad, high-level organizational decisions regarding overall direction and scope. Consolidation strategies involve stabilizing operations, whereas geographic expansion focuses on entering new markets. Both consolidation and geographic expansion represent core components of comprehensive corporate strategic planning. Strategic management operates at corporate, business, and functional levels within large enterprises. Corporate-level strategy determines which industries or markets the organization should compete within. Growth and retrenchment are primary classifications of corporate strategic intent.
Multinational corporations constantly evaluate geographic expansion opportunities to increase global market share. Firms facing financial distress often implement consolidation strategies to protect core business assets. Balancing expansion with consolidation ensures sustainable long-term growth for large enterprises. Consolidation is a valid corporate strategy, but it does not encompass geographic expansion on its own. Geographic expansion is a major corporate strategy, but it excludes consolidation activities. Differentiation is typically classified as a business-level strategy rather than a corporate-level strategy.
- Subject
- Business and Management
- Category
- Human Resource Management
- Topic
- —
- Difficulty
- medium
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