How do corporate level strategy and business level strategy differ?
A)Corporate strategy defines the scope of a firm's activities, while business strategy focuses on how to beat the competition in a specific product market
B)Corporate strategy defines the scope of a firm's structure, while business strategy emphasizes the relationship of each business with its environment (state, regulators, etc.)
C)Corporate strategy focuses on the overall strategic plan, while business strategy focuses on implementing strategic decisions in each product market
D)Corporate level strategy is concerned with long term goals, while business level strategy focuses on short term sustainability

Question

Quizplus · Accepted Answer

Corporate strategy is concerned with the overall scope of a firm's activities, including the industries and markets it competes in, while business strategy focuses on how to beat competitors in a specific product market. Corporate strategy sets the direction for the company as a whole, while business strategy focuses on individual business units or product lines.

How Do Corporate Level Strategy and Business Level Strategy Differ