Asked by
Ashley Fragoso
on Oct 31, 2024Verified
Which of the following is true?
A) Corporate mission is shaped by functional strategies.
B) Corporate strategy is shaped by functional strategies.
C) Functional strategies are shaped by corporate strategy.
D) External conditions are shaped by corporate mission.
E) Functional area missions are merged to become the organizational mission.
Corporate Strategy
The overarching plan and direction of a corporation that guides long-term decisions, including expansion, diversification, acquisition, and the allocation of resources.
Functional Strategies
Specific tactics and plans developed within each of a company's functional areas, like marketing or finance, to support the overall business strategy.
- Understand the process of developing strategies to achieve organizational missions and goals.
Verified Answer
EU
Learning Objectives
- Understand the process of developing strategies to achieve organizational missions and goals.