Review:
Corporate Strategy
overall review score: 4.5
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score is between 0 and 5
Corporate strategy refers to the long-term goals and objectives of a corporation, as well as the strategies and actions taken to achieve those goals.
Key Features
- Defining the company's mission, vision, and values
- Analyzing the external business environment
- Identifying market opportunities and threats
- Setting strategic goals and objectives
- Developing strategies for growth and competitive advantage
Pros
- Helps align organizational efforts towards common goals
- Guides decision-making at all levels of the organization
- Enables proactive adaptation to changes in the business environment
Cons
- Can be time-consuming and resource-intensive to develop and implement
- Requires ongoing monitoring and adjustment to remain effective