Assess one business-level strategy you believe to be most appropriate for the corporation’s long-term success.
Step 1: Assess one business-level strategy you believe to be most appropriate for the corporation’s long-term success. Support your position with specific evidence.
Step 2: Assess one corporate-level strategy you believe to be most appropriate for the corporation’s long-term success. Support your position with specific evidence.
Step 3: Analyze the competitive environment to determine the corporation’s most significant competitor. Include a comparison of the business and corporate-level strategies for both corporations (your selected corporation and the competitor.)
Based on your analysis, conclude which corporation (your selected corporation or its competitor) is most likely to be successful in the long term. Support your determination with at least three pieces of evidence.
Step 4: Determine whether your corporation or its most significant competitor would differ in slow-cycle and fast-cycle markets. Support your position with specific evidence.
Use three or more quality sources, including your textbook, to support your writing. Choose sources that are credible, relevant, and appropriate. Cite each source listed on your source page at least one time within your assignment. (Note: Wikipedia and similar websites do not qualify as academic resources)
Top executives and members of a corporation’s board of directors have different roles and responsibilities. Traditionally, executives have been responsible for determining the firm’s strategic direction and implementing strategies to achieve it, whereas the board of directors has been responsible for monitoring and controlling managerial decisions and actions. Some argue that boards should become more involved with the formulation of a firm’s strategies.
Respond to the following:
How would the board’s increased involvement in the selection of strategies affect a firm’s strategic competitiveness?
What evidence would you offer to support their position?