Asked by Elisabeth breivik Nilsen on May 04, 2024
Verified
To be successful,a company must adopt only one corporate strategy.
Corporate Strategy
The overall plan which outlines the goals of a corporation and the methods to achieve those goals.
- Familiarize yourself with the notion of strategic management and its segments.
Verified Answer
MB
Mohammed BinhowidyMay 08, 2024
Final Answer :
False
Explanation :
A company can adopt multiple corporate strategies based on its goals, market conditions, and competitive landscape. For example, a company can have a growth strategy, a cost-leadership strategy, or a differentiation strategy depending on its objectives and resources. It is common for companies to have a combination of strategies to achieve success.
Learning Objectives
- Familiarize yourself with the notion of strategic management and its segments.
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