Levels of strategy, Project Management

Levels of strategy

There are three levels of strategy:

  1. Corporate strategy is the overall (grand) strategy for the organization as a whole.
  2. Business strategy refers to strategy for each individual business within a company, while
  3. Functional strategy deals with the basic functional areas within the firm.


Strategy formulation is the set of processes involved in creating or developing strategic plans. These processes mainly are concerned with understanding the environment and how it affects the organization, and how the organization can in turn affect the environment. The manager must understand the effects of such forces as new entrants and the threats they pose to the business, suppliers and their powers, competitors and their attempts to out manoeuvre one another, power of buyers on whom the organization relies for its sales and lastly the threat of substitute products. Strategy implementation is the process involved with the executing of the strategic plans. Incorporating the selected strategy into the daily operations of the organisation.

Posted Date: 12/15/2012 5:26:16 AM | Location : United States







Related Discussions:- Levels of strategy, Assignment Help, Ask Question on Levels of strategy, Get Answer, Expert's Help, Levels of strategy Discussions

Write discussion on Levels of strategy
Your posts are moderated
Related Questions
A strategy for project implementation Projects involving  small number  of  activities,  resources,  constraints  and inter-relationship can be visualized easily by the human m


GBF Group is a leading food and beverage manufacturer with an international presence in over 50 countries worldwide. The group has seven strategic business units (SBUs) and each ha

GBF Group is a leading food and beverage manufacturer with an international presence in over 50 countries worldwide. The group has seven strategic business units (SBUs) and each ha


what is the compny competitors doing?

what is the maniipulated variable in a wood experiment

What are the advantages of critical path analysis? Advantages of critical path analysis (CPA): a. Classifies interrelationships in between various activities or tasks

Explain the relationship between organisational competences and decisions relating to the contracting out of activities. Organisational competences A competence is an mehod

A reas of Business Excellence Typically, we think about business excellence in the terms of superiority, but in practice, it is frequently translated into features of the busi