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Instructions

Unit V EssayFor this essay, you will conduct research on corporate strategies and the affect they have on the decision process. Use the same company you chose in Unit II. As you explore the decision process, consider how corporate strategies influence these decisions. In your essay, address the following questions:1. What is a functional strategy?2. What are stability strategies in business? What are the pros and cons of these strategies?3. What are competitive and cooperative strategies?4. What are the tradeoffs (pros and cons) between an internal and an external growth strategy? Which approach is bestas an international strategy? Why? What about retrenchment?Your essay should be two to three pages in length, double-spaced, and in 12 pt. Times New Roman font. The title and reference pages do not count towards the minimum page length. To complete this assignment, a minimum of two reputable sources must be used, cited, and referenced. At least one reference must come from the CSU Online Library. Use APA style guidelines.Information about accessing the grading rubric for this assignment is provided below.

Answer

Be as it may, a functional strategy is part of the general organization strategy setup for some functional areas within its organizational structure. They often serve as independent plans of a strategy implemented within a functional area of an organization (Wheelen, & Hunger, 2017). Good examples of functional strategies include production strategies, marketing strategy, and financial strategy.Stability strategy stems from analyzing issues that affect the business based on current revenues by the management to understand its competitive strength in particular market areas. Stability strategy is one of the corporate level strategies that focus on improving the functional performance of an organization and maintaining the organization's position (Grant, 2016). Stability strategies can b...
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