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Answer :
Final answer:
Corporate strategy is a long-term plan designed to gain a competitive advantage and meet customer and stakeholder expectations. It involves decisions on resource allocation, product offerings, and target markets.
Explanation:
Corporate Strategy is a long-term plan or framework that aims to gain a competitive advantage and deliver on both customer/client and stakeholder promises, such as shareholder value. It involves the overall direction and scope of an organization, encompassing decisions on resource allocation, product offerings, and target markets.
For example, a company may formulate a corporate strategy to expand into new international markets, diversify its product line, and invest in research and development to stay ahead of competitors.
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