In a diversified company, the strategy-making hierarchy consists of business strategies, functional strategies, and operating strategies. corporate strategy, business strategies (one for each line of business the corporation has diversified into), functional strategies, and operating strategies. corporate strategy and a group of business strategies (one for each line of business the corporation has diversified into). its diversification strategy, its line of business strategies, and its operating strategies. corporate or managerial strategy, a set of business strategies, and divisional strategies within each business.
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