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
Input Data Collection The input data for the model was collected accurately to be as close as possible to a typical emergency room. We expected that the number of patients comi


application of differential costing in project

Question 1: (a) ISO 9000:2008 specifies the requirements for a Quality Management System. The standard is based on eight quality management principles upon which to develop an

Question 1: (a) Power is one of the most important human variables in the project management process as it sets the framework for directing and influencing human resources. Exp

Question 1: Using the "Matrix" system of authority and responsibilities, describe the various organisational systems which may be applied to the management of projects. Disc

Comparison between dept finance and ordinary share capital

This project requires you to choose an organisation of your own choice and discuss on the following with respect to your chosen organisation: External Environment Mega

Question: A sewer line is to be connected to a school. This work will be carried out in a 2.4 meters deep excavation and will be routed through the playground, which was once

What does have in the project management software? Project management software: Project management software onto the market today comprises Lotus Notes / Domino or Micros