What is a corporate strategy? WhWhat is a corporate strategy? Why is it important for a small...


What is a corporate strategy? Why is it important for a small business to identify a corporate strategy? What are possible consequences that a small business may experience if it does not have a defined corporate strategy?

Strategy Plan:

A strategic plan is a documentation that is established by the management of a firm to show the direction in which the company will follow. It helps the managers to examine where the company is and where it is heading, thus proving a purpose for work done as well as ensuring prioritised work is done on time.

Answer and Explanation:

Become a member to unlock this answer!

View this answer

(a.) Corporate strategy is the hierarchy of events defined by an organisation to be followed to achieve set goals and objectives. This is usually a...

See full answer below.

Learn more about this topic:

Loading... ACT® Reading Test Prep: Strategy


Chapter 1 / Lesson 2

The ACT® reading test typically involves reading passages and answering questions about them. Learn some helpful tips and tricks for approaching the passages and strategies for answering the questions.

Related to this Question

Explore our homework questions and answers library