Within a Diversified Company, the Responsibilities of Corporate-Level Strategic Managers

question 68

Multiple Choice

Within a diversified company, the responsibilities of corporate-level strategic managers include

• A) translating the corporate mission statement into concrete strategies for individual business units.
• B) closely supervising the formulation of strategies at the functional level that support the company's business- and corporate-level strategies.
• C) allocating resources to functions within business units.
• D) identifying and establishing relationships with supplier firms.
• E) overseeing the development of strategies for the total organization and allocating resources among its different businesses.

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Definitions:

Id

According to Freud, the psychological force that produces instinctual needs, drives, and impulses.

Rational Thinking

The process of thinking clearly, logically, and applying objective judgment based on facts and reason, rather than emotions or irrational beliefs.

Instinctual Needs

The fundamental biological and psychological needs driving behavior, such as needs for food, safety, and attachment.

Moral Standards

Principles or rules of behavior that individuals and societies consider to be ethically right or acceptable, guiding conduct in various situations.