Levels of Strategy
Strategy may operate at different levels of an organization – corporate level, business level, and functional level.
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Corporate Level Strategy
Corporate level strategy occupies the highest level of strategic decision-making and covers actions dealing with the objective of the firm, acquisition and allocation of resources…
Business-Level Strategy
Business-level strategy is – applicable in those organizations, which have different businesses-and each business is treated as strategic business unit (SBU). The fundamental concept in…
Functional-Level Strategy
Functional strategy, as is suggested by the title, relates to a single functional operation and the activities involved therein. Decisions at this level within the…
Formulation of Strategy
Formulation of strategies is a creative and analytical process. It is a process because particular functions are performed in a sequence over the period of…
Why are caps and collars considered insurance products?
Insurance products are contingent claims. The insured party pays a premium for the contract (for example, an automobile policy). Should the specified condition (for example,…
What are the Contingent Liabilities
Contingent liability is a potential obligation which may in the future develop into actual liability or may dissolve without necessitating any outlay. The crucial characteristics…
Which party bears interest-rate risk exposure in a fixed rate loan? in a floating rate loan?
To the extent that risk means future uncertainty, both parties bear risk when interest rates are floating that they do not bear when rates are…
Usual Contents of Work Paper File
The following are the usual contents of work paper file: 1. A complete list of all the books in use, and the names of the…
Why would any company purchase a floor
Why would any company purchase a floor, since it keeps its interest payments up when interest rates fall? While borrowers do not purchase floors by…