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Corporate-level strategy is concerned with problems such as where the firm should compete in product markets and companies, as well as how corporate headquarters should manage such operations.
A business-level strategy can take many forms, but three essential factors must always be considered: customer satisfaction/happiness, developing and retaining a competitive edge. To avoid a competitive edge, Profits are generated via a high ROI.
Functional Strategy is concerned with the subject of how to support the company strategy inside functional departments such as marketing, human resources, production, and research and development.
What is a strategy in an organization?
Any effective choice made by management in a company is based on strategy. A well-planned and deliberate strategy will establish recommendations that will influence what business activities an organization's workers must do.
Strategic decisions are made at three levels in every company. The level at which they function in a firm distinguishes the three tiers of strategy in an organization. Corporate strategy, business strategy, and functional strategy are the three tiers.
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