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
Q. What level of project management do I need? A. This is a complicated question to answer for the reason that it very much depends on the size duration and technical complex

M a n a ging Project Quality as per PMI Project Management Institute (PMI) is a global organisation for the project management profession; it is engaged in setting professi

QUESTION (a) Risk has always been an intrinsic part of project management. With increasing market dynamic conditions, Safety and Health in workplaces, changing technology and g

Question: There is a cycle associated with the life of a project. This runs from the commencement to the completion of the project with authority being required for both the co

I have a project that I would like to have a work breakdown structure developed for.

explain the main typical data input errors that affect deliver of project

What are the pros and cons of a ‘pure’ project organisation compared along with a project operating into a matrix structure? A ‘pure’ project organisation comprises into itself

Problem 1: (a) Describe the main features of an MRP system. (b) Show the circumstances in which MRP would be most appropriate. Problem 2: Describe the impact of stor

What are included in the privatisation of public sector undertakings? Privatisation of public sector undertakings: It is consisting of witnessed the trend toward opening

Arvin Automotive, a company that makes muffler assemblies for the Big Three, is committed to the use of Kanban to pull material through its manufacturing cells. Arvin has designed