What is the relationship among corporate-, business-, and functional-level strategies, and how do they create value for an organization?What is the relationship among corporate-, business-, and functional-level strategies, and how do they create value for an organization?

The correct answer to this open question is the following.

Although there are no options attached, we can say the following.

The relationship between corporate, business, and functional level strategies, and how do they create value for an organization is the following.

The corporate business strategy is at the core of the corporative culture that creates direction and a sense of belonging. It has to be understood and carried away by the whole organization. The business strategy has to the based on the corporate goals, has to be developed by each department of the corporation with their specific necessities and characteristics. In the case of the functional strategy, it is the detailed plan, step by step according to the function of the company to reach the goals such as sales, customer service, financial goals, acquisitions, and so on.

These elements create value for an organization in that they establish the foundation of the corporate culture and the way the corporation does things in every department. These form the identity that creates value in the company and that is going to be the public image of the corporation.

answer; risk transference;

answer; empowerment and collaboration;