The document discusses the three levels of strategic management in organizations:
1) The corporate level set by the Board of Directors and CEO to set goals, address stakeholder interests, and evaluate progress.
2) The business level comprised of managers who convert corporate goals into objectives for business units and determine their market basis.
3) The functional level set by product, area, and function managers to develop strategies in areas like marketing, HR, and accounts.
The document discusses the three levels of strategic management in organizations:
1) The corporate level set by the Board of Directors and CEO to set goals, address stakeholder interests, and evaluate progress.
2) The business level comprised of managers who convert corporate goals into objectives for business units and determine their market basis.
3) The functional level set by product, area, and function managers to develop strategies in areas like marketing, HR, and accounts.
The document discusses the three levels of strategic management in organizations:
1) The corporate level set by the Board of Directors and CEO to set goals, address stakeholder interests, and evaluate progress.
2) The business level comprised of managers who convert corporate goals into objectives for business units and determine their market basis.
3) The functional level set by product, area, and function managers to develop strategies in areas like marketing, HR, and accounts.
Organizations generally have three decision levels in their decision making hierarchy
• These include;
i. The corporate level strategies
ii. The Business level strategies iii. The Functional level strategies The corporate level strategies • The members responsible for desighning such strategies primarily include the BOD, the CEO, and other key administrative officers.
• Their major responsibilities include;
i. Setting corporate objectives and Goals ii. Addressing interests of major stakeholders iii. Ensure Goals are attained (evaluate&control) iv. Determine the strategic direction of business The Business level strategies
• This level comprises of business and corporate
managers whose responsibilities include; i. Converting the corporate goals into functional objectives for individual SBUs ii. Determine the basis of competition in selected markets/products iii. Identify and secure the most optimal market for continuing viabilty The Functional level strategies
• The people responsible for this kind of strategies
are the individual products, geographical areas, functional areas e.g HR. • They are responsible for; i. Developing functional strategies in areas such as mrktg, HR, Accounts e.t.c ii. The functional level strategies are more ‘SMART’ and aim at adressing quality, quantity, timing e.t.c