Consolidation keeps the companys strategy up to date by assessing progress

Consolidation keeps the companys strategy up to date

This preview shows page 19 - 21 out of 26 pages.

77) Consolidation keeps the company's strategy up to date by assessing progress towardstrategic goals and taking corrective action as needed. 78) Managers engage in three levels of strategic planning.
Image of page 19
79) Cost leadership, differentiation, and focus strategies are types of corporate-levelstrategies. 80) A vertical integration strategy means that a firm will expand by adding new product lines. 81) McDonald's addressed its lagging profitability by first closing stores operating below itsguidelines. McDonald's used a consolidation strategy. 82) A business-level strategy is implemented by Pizza Hut, Domino's, Papa John's and LittleCaesar's in their competition with each other for pizza customers.
Image of page 20
Image of page 21

You've reached the end of your free preview.

Want to read all 26 pages?

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture