Levels of Strategies are Offered by Different Levels of a Business | vCare Project Management
Business strategy is a complete collection of actions or activities that direct the use of a firm’s resources to achieve the vision and goals of the business and provide a long-term competitive advantage. However, different levels of strategies are offered by different levels of a business in every organization, including:
– Corporate Planning: It requires a high degree of strategic decision-making to meet the stakeholders’ expectations.
– Strategy for Business Units: The goal of this strategy is to acquire a competitive edge for the services and goods provided, and choices at this level are focused on product selection, acquiring a competitive advantage, meeting consumer requirements, and creating new possibilities.
– Operational strategy: It is concerned with resource coordination and improvement, resulting in the effective and efficient implementation of the business unit-level strategy.
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