What is a corporate strategy, and why is it important for small businesses to include a corporate strategy in their strategic plans?

Week Three Weekly Questions Worksheet

Answers must be at least 50 words in length, and grounded with the citing/referencing of at least one relevant and credible source according to 400-level APA standards.

1. What is a corporate strategy, and why is it important for small businesses to include a corporate strategy in their strategic plans?

2. What are the advantages and disadvantages of vertical integration and outsourcing, and how would a company choose one strategy over the other?

3. What steps need to be taken before implementing a strategic plan, why are activity time frames so important, and what role does activity sequencing play?

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