Asked by Yanique Dayle on May 09, 2024
Verified
Corporate strategies focus on one line of business: building a strong competitive position.
Corporate Strategies
Strategic approaches and plans developed by a company to achieve its long-term objectives and maintain competitive advantage.
Competitive Position
A company's market standing in comparison to its competitors, typically gauged by its market share, profitability, and brand strength.
- Master the understanding of strategic management and its various components.
Verified Answer
YP
Yolanda PadillaMay 16, 2024
Final Answer :
False
Explanation :
Corporate strategies focus on how to allocate resources, manage risk, and create value across multiple lines of business, rather than just building a strong competitive position in one specific line of business.
Learning Objectives
- Master the understanding of strategic management and its various components.
Related questions
To Be Successful,a Company Must Adopt Only One Corporate Strategy
Examples of Corporate Strategy Include Decisions to Compete Internationally or ...
The Question,Should We Be in Business? Is an Example of ...
When a Company Can No Longer Pay Its Creditors,the Company ...
____ Is the Ongoing Process of Ensuring a Competitively Superior ...