STRAMA

Front

What is Strategy Formulation?

Back

The process of offering proper direction to a firm, setting long-term goals to exploit strengths and encash opportunities.

Front

What are the types of Corporate Level Strategy?

Back

1. Portfolio Management

2. Expansion/Growth

3. Retrenchment/Turnaround

4. Stability

5. Combination/Mixed

6. Geographic

7. Competitive

Front

What is Portfolio Management in Corporate Level Strategy?

Back

Deciding to invest in, hold, harvest, or divest certain business units.

Front

What is the goal of Expansion/Growth strategy?

Back

To grow and expand the company by exploring new markets, introducing new products, or increasing production capacity.

Front

What does Retrenchment/Turnaround strategy involve?

Back

Pulling back and consolidating resources to survive difficult times, including cost-cutting and restructuring.

Front

What is Stability strategy?

Back

Maintaining the status quo and focusing on what the company does well, avoiding risky ventures.

Front

What is Combination/Mixed strategy?

Back

Using a mix of different strategies to address various parts of the business.

Front

What are the benefits of Corporate Level Strategy?

Back

1. Increased Profitability and Market Share

2. Effective Portfolio Management

3. Cost Leadership

4. Resource Allocation

5. Alignment with Mission and Values

6. Proactivity and Strategic Decision-Making 7. Competitive Advantage

8. Improved Decision-Making

9. Clarity and Focus

10. Adaptability and Flexibility

Front

What are the key aspects of Business Level Strategy?

Back

1. Target Market

2. Competitive Advantage

3. Positioning

Front

What is Cost Leadership strategy?

Back

A strategy focused on being the low-cost producer in an industry for a given level of quality.