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SYDNEY - May 2, 2022 - PRLog -- The management is able to study the conditions of the market by developing an appropriate corporate strategy. it is about making the right decisions for the business at the right time. However, a concern for corporate strategy in a firm is to focus on what a business should do to gain a competitive advantage. As organisations operate in unstable business environments, developing an efficient corporate strategy is extremely crucial for businesses. There are different tools such as PESTLE, SWOT and Five Force Analysis that can be used to conduct market research and then develop a corporate strategy based on it. Students should learn about the use of these tools in their assignments as the tutors expect them to apply the tools in spite of putting mere theory in their assignments.

Corporate Strategy Assignments

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Different types of corporate strategies

Value building strategy: That is used by the managers to strengthen the key capabilities of the business and eventually helps gain a competitive advantage over other companies. This corporate strategy helps in adding value to the business and develops a good perception of the products/services in the mind of the customers.

Value Neutral Strategy: The second type is value-neutral strategy, which is about the organisation focussing on different ways to attain a strong position in the market. This strategy enables the managers to make crucial decisions such as risk management, coordination between different functions.

Value reducing strategy: The third type of corporate strategy is value reducing strategy which is used by the managers to minimise the perceived value of the stakeholders for the operations of the business.