Question

With which two key issues is corporate-level strategy concerned?

a. What single business a firm should be in and how it should maintain a competitive

advantage with a differentiation strategy in that business

b. What businesses a firm should be in and how the corporate office should manage its

group of businesses

c. How to maximise power over buyers and suppliers

d. Which tactical and strategic competitive actions to pursue

Answer 1

Solution:

Option B

The corporate-level strategy is the one that deals with the implementation and development of the strategies at the corporate level. They define the strategies which are necessary from the business point of view. Hence, the strategies which are corporate level are more holistic in nature. Hence, the second statement made in the above questions is an accurate example of a corporate-level strategy. The decision to be in a specific firm and also the management of the portfolio of the business's of the organization are the major activities of the corporate level strategy making. Hence, Option B