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UNIT -5
Strategic Management & Strategic Planning
Process
STRATEGY:
A strategy of a corporation forms a comprehensive
master plan stating that “ how the corporation
will achieve its mission and vision”.
USE: Maximizes the competitive advantages and
minimizes the competitive disadvantages/
threats.
LEVELS/TYPES OF STRATEGY:
Strategy may be formulated at the corporate
level, business level and functional level:
1. CORPORATE STRATEGY
2. BUSINESS STRATEGY
3. FUNCTIONAL STRATEGY
LEVELS/TYPES OF STRATEGY
• CORPORATE STRATEGY: It describes a company's overall
direction in terms of its general attitude towards growth and
management of its various business and product lines.
Corporate strategy deals with three key issues facing the
corporation as a whole.
1. Directional strategy – the firm’s overall orientation towards
growth, stability and retrenchment. The two basic growth
strategies are concentration and diversification.
2. Portfolio analysis – The industries or markets in which the
firm competes through its products and business units. In
portfolio analysis, top management views its product lines and
business units as a series f portfolio investment and
constantly keep analyzing for a profitable return.
3. Parenting strategy – the manner in which the management
coordinates activities and transfers resources and cultivate
capabilities among product lines and business units.
LEVELS/TYPES OF STRATEGY
• BUSINESS STRATEGY: It usually occurs at the
business unit or product level and it emphasizes
improvement of the competitive position of a
corporation's products or services in the specific
industry or marketing segment served by that
business unit.
LEVELS/TYPES OF STRATEGY
FUNCTIONAL STRATEGY
• It is the approach taken by a functional area to
achieve corporate and business unit objectives
and strategies by maximizing resource
productivity.
• It is concerned with developing nurturing a
distinctive competence to provide a company or
business unit with a competitive advantage.
• A Hierarchy Of Strategy: is the grouping of strategy
types by levels in the organization. This hierarchy of
strategy is a nesting of one strategy within another
so that they complement and support one another.
Functional strategies support business strategies
that in turn support the corporate strategy.
Fig. Hierarch of strategy
B
CORPORATE STRATEGY
BUSINESS STRATEGY

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Em unit v

  • 2. Strategic Management & Strategic Planning Process
  • 3. STRATEGY: A strategy of a corporation forms a comprehensive master plan stating that “ how the corporation will achieve its mission and vision”. USE: Maximizes the competitive advantages and minimizes the competitive disadvantages/ threats.
  • 4. LEVELS/TYPES OF STRATEGY: Strategy may be formulated at the corporate level, business level and functional level: 1. CORPORATE STRATEGY 2. BUSINESS STRATEGY 3. FUNCTIONAL STRATEGY
  • 5. LEVELS/TYPES OF STRATEGY • CORPORATE STRATEGY: It describes a company's overall direction in terms of its general attitude towards growth and management of its various business and product lines. Corporate strategy deals with three key issues facing the corporation as a whole. 1. Directional strategy – the firm’s overall orientation towards growth, stability and retrenchment. The two basic growth strategies are concentration and diversification. 2. Portfolio analysis – The industries or markets in which the firm competes through its products and business units. In portfolio analysis, top management views its product lines and business units as a series f portfolio investment and constantly keep analyzing for a profitable return. 3. Parenting strategy – the manner in which the management coordinates activities and transfers resources and cultivate capabilities among product lines and business units.
  • 6. LEVELS/TYPES OF STRATEGY • BUSINESS STRATEGY: It usually occurs at the business unit or product level and it emphasizes improvement of the competitive position of a corporation's products or services in the specific industry or marketing segment served by that business unit.
  • 7. LEVELS/TYPES OF STRATEGY FUNCTIONAL STRATEGY • It is the approach taken by a functional area to achieve corporate and business unit objectives and strategies by maximizing resource productivity. • It is concerned with developing nurturing a distinctive competence to provide a company or business unit with a competitive advantage.
  • 8. • A Hierarchy Of Strategy: is the grouping of strategy types by levels in the organization. This hierarchy of strategy is a nesting of one strategy within another so that they complement and support one another. Functional strategies support business strategies that in turn support the corporate strategy. Fig. Hierarch of strategy B CORPORATE STRATEGY BUSINESS STRATEGY