Organizational strategy - Explain the different kinds of corporate-level strategies
10 important questions on Organizational strategy - Explain the different kinds of corporate-level strategies
What are the 3 basic questions to formulate an effective strategy?
2. How should we compete in this industry? (Industry level)
3. Who are our competitors, and how should we respond to them? (Firm-level)
How do you minimize risk by using the portfolio strategy?
2. Routing investments from mature, slow-growth businesses into newer, faster-growing businesses. (BSG matrix)
What is the grand strategy?
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What are the 4 strategies in the grand strategy?
2. Stability strategy: Focuses on improving the current sales strategy.
3. Retrenchment strategy: Focuses on turning around very poor company performance, by reducing cost or spending.
4. Recovery: Strategic actions taken after retrenchment to return to a growth strategy
What is a cost leadership strategy?
What are defender companies?
What are analyser companies?
What are reactors in companies?
What is direct competition?
What are the 2 factors that determine the extent to which firms will be in direct competition?
2. Resource similarity: Similar amounts and kinds of resources.
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