Business vs Corporate Strategy: Key Differences and Definitions
Understanding the disparities between business and corporate level strategies can enhance decision-making and goal achievement within organizations. Explore the definitions, implications, and strategic approaches in this insightful discussion.
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Libyan International Medical University Faculty of Business Administration Difference between Business and Corporate Level Strategy Student Name : Nahawnd Elhammali Student ID:2752 Email: nahawand_2752@limu.edu.ly 1
Table of contact: 3. What Is Bcorporateusiness And Level Strategy? 2. Corporate And Business Strategy Definition 1. Introduction 4. Differences Between Business And Corporate Level Strategy 5. Conclusion 6. References 2
Introduction: Business strategy is concerned with how we should compete, whereas corporate strategy is concerned with which businesses we should compete in. Business strategy, to be precise. refers to how a company intends to attain its goals within a certain industry. 3
Corporate And Business Strategy Definition : Business strategy : Business strategy : Most large-scale firms have many business units or divisions that are dispersed across the various companies and markets in which the company has chosen to operate. Corporate strategy : Corporate strategy : Corporate strategy is primarily created to provide guidance to businesses in achieving their long-term goals. A business strategy is created in accordance with the organization's goals and scope of operations. 5
3 3.What Is .What Is Business And Corporate Level Strategy? Business And Corporate Level Strategy? 6
What is Business Level Strategy? Cost Leadership. Differentiation. Integrated Low-Cost Differentiation. Focused Differentiation. Focused Low-Cost. 7
What is corporate level strategy ? Expansion strategy Retrenchment strategy Combination strategy Diversification Forward or backward integration Horizontal integration profit 8
4.Differences Between Business And Corporate Level Strategy 9
The difference between Business Strategy and Corporate Strategy is : 2. Decisions in corporate strategy are more focused with meeting the expectations of stakeholders. This strategy is more focused on a company's goal. 1. This company strategy comprises judgments about product selection, market competition, customer happiness, and so on. 10
Conclusion: Business strategy is concerned with the strategic decisions concerning the choice of product while corporate strategy is concerned with the overall objective and scope of business. 11
References: The Three Levels of Strategy: OnStrategy Resources. OnStrategy. (2021, May 17). https://onstrategyhq.com/resources/the-three-levels-of-strategy/. Corporate strategy vs business strategy - definitions, examples, differences. Termscompared. (2019, September 7). https://www.termscompared.com/difference- between-corporate-strategy-and-business-strategy/. Difference Between Business Strategy and Corporate Strategy (With Table). Ask Any Difference. (n.d.). https://askanydifference.com/difference-between-business-strategy- and-corporate-strategy/. What is Business Level Strategy? [+ 5 Examples]. TrackTime24. (n.d.). https://tracktime24.com/Blog/business-level-strategy. 12
Thank You Thank You 13
