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:

Long-Term Projects

Long-term projects involve commitments or investments that span several years, focusing on achieving objectives that contribute to a company's growth or development.

New Ventures

Refers to the initiation of new business activities or startup companies.

Capital Improvements

Expenditures relating to the upgrade, enhancement, or expansion of physical assets, increasing their useful life or value.

Expansion

Expansion refers to the phase of business growth and economic development where a company or economy sees an increase in scale, output, or market reach.