Answer:
Top management develops corporate level strategy
Step-by-step explanation:
To put it precisely, strategic management is the set of managerial decisions and actions that determines the long run performance of an organisation that includes environmental scanning (both external and internal), strategy formulation, strategy implementation, evaluation and control.
Strategic planning is an organizational management activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals.