[Solved] As part of strategic choice, there are three key levels of strategy... | CliffsNotes (2024)

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[Solved] As part of strategic choice, there are three key levels of strategy... | CliffsNotes? ›

Answer & Explanation

Strategists often refer to three levels of strategy: corporate level strategy, business level strategy, and functional level strategy.

They are "development goal", "major development issue" and "guideline". The lack of any one of these elements cannot constitute a complete strategy. The strategy is a kind of overall decision-making of the three elements.

According to Porter's Generic Strategies model, there are three basic strategic options available to organizations for gaining competitive advantage. These are: Cost Leadership, Differentiation and Focus.

This method has you focusing your analysis on the 3C's or strategic triangle: the customers, the competitors and the corporation. By analyzing these three elements, you will be able to find the key success factor (KSF) and create a viable marketing strategy.

Against a backdrop of countless challenges for nonprofit leaders and Board members, strategic planning can sometimes seem like a daunting undertaking. However, if you begin with the 3 P's of Purpose, People, and Process, you can set your organization on a path towards a successful outcome.

Strategy is comprised of three parts: Vision, Goals, and Initiatives: Vision describes who the customers are, what customers need, and how you plan to deliver a unique offering.

There are three major types of planning, which include operational, tactical and strategic planning. A fourth type of planning, known as contingency planning, is an alternative course of action, which can be implemented if and when an original plan fails to produce the anticipated result.

The strategic-management process consists of three stages: strategy formulation, strategy implementation, and strategy evaluation.

Successful strategic management involves three steps: Planning, Execution and Monitoring Developments & Progress.

What are the 3 parts of strategic choice? ›

The three levels of strategy to consider are corporate, business, and functional. Corporate-level strategy focuses on the scope of the organization and on which businesses it should compete in.

The characteristics of strategic decisions are- 1. Long-term direction 2. Entire scope of organization activities 3. Seek to achieve advantage over competitors 4.

The strategic-management process consists of three stages: strategy formulation, strategy implementation, and strategy evaluation.