which of the following statements concerning the relationship among corporate, b
ID: 343085 • Letter: W
Question
which of the following statements concerning the relationship among corporate, business and functional strategies is correct?
functional strategies guide the development of corporate strategies, which guide the development of business strategies.
Business strategies guide the development of corporate strategies, which guide the development of functional strategies.
Corporate strategies guide the development of business strategies, which guide the development of functional strategies.
Corporate strategies guide the development of functional strategies, which guide the development of business strategies.
Functional strategies guide the development of business strategies, which guide the development of corporate strategies.
Explanation / Answer
Which of the following statements concerning the relationship among corporate, business and functional strategies is correct?
Answer: Option (C) - Corporate strategies guide the development of business strategies, which guide the development of functional strategies.
Explanation: It is the corporate strategy which is decided first by the top management of the organization that paves way for the development of business level strategy. On the basis of business strategies, the functional strategies of each department of the organization is developed.
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