Assignment: Strategic Management And Business Policy
Instructions For this essay, you will conduct research on corporate strategies and the effect they have on the decision process. Use the same company you chose in Unit II(Samsung is the company I choose). As you explore the decision process, consider how corporatestrategies influence these decisions.
In your essay, address the followingquestions:
1. What is a functional strategy?
2. What are stability strategies in business? What are the pros and cons ofthese strategies?
3. What are competitive and cooperative strategies?
4. What are the tradeoffs (pros and cons) between an internal and an externalgrowth strategy? Which approach is best as an international strategy?Why? What about retrenchment?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.