Final Answer:
The correct option for a corporate strategy is (b) - It involves competing in a core industry or business and operating in adjacent businesses or markets.
Step-by-step explanation:
Corporate strategy, as indicated in option (b), involves a comprehensive approach where a company competes not only in its core industry or business but also extends its operations into adjacent businesses or markets. This strategy aims to diversify and strengthen the company's overall position by exploring related sectors.
Contrary to options (a), (c), and (d), which describe different aspects of management practices, option (b) aligns with the broader scope of corporate strategy, emphasizing both core and adjacent areas for sustained competitiveness and growth.
Therefore, option B is the accurate representation of a corporate strategy in this context.
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Complete Question
Which of the following statements is true of a corporate strategy of an organization? Select one.
a)It refers to a management strategy that focuses solely on the professional behavior and attitudes of a company’s employees.
b)It involves competing in a core industry or business and operating in adjacent businesses or markets.
c)It entails competing exclusively with large and well-established firms to increase competitive advantage.
d)It refers to the overall strategy that helps a company recruit the right type of employees for the right type of job.
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