The purpose of this assignment is to develop learners’ ability to identify and describe corporate level strategies.
Select three organisations which you are familiar with. Identify and describe the corporate level strategy or strategies utilised by each organisation. Your write-up should be a maximum of 3 pages for each organisation.
The purpose of this assignment is to develop learners’ ability to apply Porter’s Five Forces Model to an existing industry in Ireland.
Choose a manufacturing industry in UK (e.g. IT product, cement, clothing) and analyse this industry using the Porter’s Five Forces Model. Your write-up should be about 3 – 5 pages only.
Business owners need targeted corporate level strategies to position themselves for success. Corporate-level strategies define a plan to hit a specific target needed to achieve business goals. Strategies tend to be long-term in nature, but allow for dynamic adjustments, based on uncertainty and changing market conditions.
Corporate-level strategies are implemented throughout the entire organizational structure. Different strategies might be simultaneously employed but set at different priority levels.
Growth strategies look at methods to get more revenues from the sales of products or goods. Industry leaders often talk about vertical and horizontal strategies when referring to growth strategies. A vertical strategy seeks growth by taking over various components of the operations path.
For example, a restaurant that decides to farm its own ingredients is using a vertical growth strategy. By taking over part of the supply chain, the restaurant is better able to control quality and supply needs.