What I have learned this week ?
Today, I would like to discuss the kinds of strategies that I have been learned in our lecture for the past weeks. Basically, the strategies can be group into 3 broad levels of decision making namely, corporate level strategies, business level strategies and functional level strategies. These 3 level of strategies is been done from different method and different circumstance within the organizations.
First of all, corporate level strategy is meant to looking for the overall movement of the organization. The Corporate level strategies have the priority to the movement and action of the entire organization and also their decisions will have to be made at the top of corporate level with the participation from all divisions.
While business level strategy will look at how the organization have to handle things from the competition perspective. An organization has to deal and think of how to compete with their competitors. Functional level strategy has to consider at the various operational level of the organization. Usually, this level has to deals with marketing, financing, management and also the operation divisions to make sure that the overall things have been assist.
In corporate level strategies, it has various levels of the strategies.
• STABLE GROWTH
SECONDARY LEVEL STRATEGIES
TACTICAL LEVEL STRATEGIES
• JOINT VENTURE
• REVERSE TAKEOVER
• STRATEGIC ALLIANCES
The corporate level strategy looks at the whole organization with the helicopter view. The corporate level strategy covers the overall group whether to grow or to do turnaround through the various secondary and tactical strategies. All three level of strategies need to be done in synchronized manner as it all started from the same point of action wanting to be the best organization and better than their competitors.