What is meant by corporate direction? Why is it necessary to set corporate direction?

What will be an ideal response?


Corporate direction consists of broad statements that represent a company’s position on various matters and serve as an input in defining objectives and formulating strategy at lower echelons in the organization. Corporate direction helps business units identify what needs the company is best suited to meet, analyze potential synergies, undertake risks that simply cannot be justified on a project basis, provide the ability to act fast because they are not reacting, and focus the search for opportunities and options more clearly.

Business

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Communicating interpersonally helps us discover ______ we are.

Fill in the blank(s) with the appropriate word(s).

Business

The Delphi technique is best used for ______.

a. scenario building b. focus groups c. brainstorming d. forecasting sales

Business

The cache and main memory are nonvolatile, meaning their contents survive when power is off.

Answer the following statement true (T) or false (F)

Business

Scott presents an instrument that states "pay to the order of Scott" to Town Bank for payment. This instrument is the most common type of negotiable instrument, which is

A. a certificate of deposit. B. a check. C. a note. D. a trade acceptance.

Business