The Task of Crafting Corporate Strategy for a Diversified Company

question 74

Multiple Choice

The task of crafting corporate strategy for a diversified company encompasses

• A) picking the new industries to enter and deciding on the means of entry.
• B) initiating actions to boost the combined performance of the businesses the firm has entered.
• C) pursuing opportunities to leverage cross-business value chain relationships and strategic fits into competitive advantage.
• D) establishing investment priorities and steering corporate resources into the most attractive business units.
• E) All of these.

---

Definitions:

Variability of Lead Time

The fluctuation in the time taken for each stage of a process from start to completion, often causing delays in delivery.

Reliable Supplier

A reliable supplier consistently provides quality products or services on time, meeting the requirements of the purchasing organization.

Design Collaboration

A process where multiple stakeholders work together in the planning and creation of a product, service, or system, often leveraging diverse expertise.

Lowest Possible Price

The minimum price at which a good or service can be sold, often reflecting the lowest sustainable cost of production or providing a service without incurring a loss.