Site icon Smart Tech Data

What is Corporate Strategy? – Definition, 6 Components

Corporate Strategy Definition

The corporate strategy takes the portfolio approach to strategic decision-making by looking across all of the firm’s businesses to determine how to create the most value.

To develop the corporate strategy, firms must look at how the various business they own fit together.

And how they impact each other and how the parent company is structure to optimize human capital, processes, and governance.

Its corporate strategy builds on top of business strategy, concerned with the individual business’s strategic decision-making.

What are the Components of Corporate Strategy?

1. Allocation of Resources

2. People

3. Capital

4. Organizational Design

5. Head Office (centralized vs. decentralized)

6. Organizational structure (reporting)

Also Read: What is the Benefactor? – Definition, Work, and More

Also Read:
What is the Definition of Conversion? – Conversion, Matter

Exit mobile version