Asked by Rayna Kordonowy on Jun 02, 2024

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What are the four primary functions of a corporate-level strategy within a multi-business company?

Corporate-Level Strategy

Involves decision-making at the highest level of a company, focusing on the overall scope and direction of the organization.

  • Comprehend the elements and roles of strategy at the corporate level.
  • Analyze the functions and objectives of strategic planning in a multi-business firm.
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BM
Bedel MemmedovJun 09, 2024
Final Answer :
In a multi-business company,strategic management encompasses four major tasks at the corporate
level: 1.Providing a clear overall vision for the single business units,exercising guidance and control over the individual businesses; 2.Allocating resources to the single business units,thus managing the portfolio in a way that cash flow and risks are balanced,and sustainable long-term growth is achieved; 3.Managing linkages among the business units and exploiting synergies; and 4.Developing central competence and providing services and resources to the business units.