All large sector business companies are always follow the below three levels of

Question

All large sector business companies are always follow the below three levels of strategy those are must important to develop the business

Corporate strategy: This strategy is seek to determine the achievement of the company, growth ratio, stability and retrenchment. Corporate strategy also find out the direction that where organization is going now and roles of business unit those will pursuing that direction.

Business strategy: This strategy is seeks to determine that focus on business going completed point for each business segment. This focus on customer intimacy, product or service leader and optimize the cost in each division of business.

Functional strategy: This strategy is seeks to determine the growing stage in the business and that will be through the market perforation, market development, product or service development, research and development or diversification those strategies are needed to support in the business strategy.

Explanation / Answer

List and discuss the three levels of strategy that a large organization must develop.

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