A freshman or sophomore is likely to spend half of class time in an auditorium. How absurd that these places charge $150,000 for four years to educate our best and brightest yet have the nerve to so heavily use the cheapest, least effective method of instruction: the large lecture.
Business strategy will affect the small companyâs functional decisions such as the selection of its promotions and distribution channels. Corporate Strategy. When a business identifies opportunities outside its original industry, it might contemplate diversification. When additional businesses become part of the company, the small business owner must consider corporate-level strategy.
This business strategy is a long-term plan for accomplishing the mission set forth in the mission statement. Each function within the business can then derive its own strategy in support of the firm's overall business strategy (financial strategy, marketing strategy, and operations strategy). Operations strategy is the collective concrete actions chosen, mandated, or stimulated by corporate strategy.