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Which of the following levels of managers translates the corporate strategy into concrete objectives for their individual business?
- a)Business level
- b)Corporate level
- c)Multi-Business level
- d)Functional level
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which of the following levels of managers translates the corporate str...
Business level managers are the managers for a particular business line in the organisation, for example finance, marketing and production departments. Business level managers translate the strategies from corporate level management into actions at the business level. Business level managers are responsible for formulating the strategies to achieve the organisational goals.
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Which of the following levels of managers translates the corporate str...
Business Level Managers
Business level managers are responsible for translating the corporate strategy into concrete objectives for their individual business units. They play a crucial role in aligning the overall goals of the company with the specific needs and capabilities of their respective departments.
Responsibilities
- Developing specific business plans that support the overall corporate strategy
- Setting measurable objectives and key performance indicators for their business units
- Allocating resources effectively to achieve business goals
- Monitoring progress and making adjustments as needed to ensure success
Importance
Business level managers are essential for the successful implementation of the corporate strategy at the operational level. They bridge the gap between high-level strategic goals and day-to-day operations, ensuring that the company's vision is translated into actionable plans.
Example
For example, if a company's corporate strategy is to increase market share in a specific industry, business level managers would be responsible for developing marketing campaigns, sales strategies, and product development plans to support this goal. By translating the corporate strategy into concrete objectives and actions, business level managers drive the company towards success.
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Which of the following levels of managers translates the corporate strategy into concrete objectives for their individual business?a)Business levelb)Corporate levelc)Multi-Business leveld)Functional levelCorrect answer is option 'A'. Can you explain this answer?
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