There are four discussion questions. Each discussion question response needs to be between 125-175 words. Please include the question with the response in the completed work. Thanks!
What is a corporate strategy? Why is it important for a small business to identify a corporate strategy? What are possible consequences that a small business may experience if it does not have a defined corporate strategy?
What is the difference between horizontal growth and vertical growth? Name a real-world company that focuses more on horizontal growth and a company that focuses more on vertical growth. Why do these two companies choose different growth strategies?
Define risk and how it affects the strategy planning process. In relation to innovation, sustainability, and the global market, how would you decide whether a risk is worth taking the chance on when to create a strategic plan?
How has the growth in globalization affected corporate strategy in the United States? Consider this growth from perspectives such as outsourcing, taxes, competition, finances, and so forth.
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