High School

Corporate strategy is a unique, long-term plan or framework designed to gain a competitive advantage over other market participants while fulfilling promises to both customers/clients and stakeholders, including delivering shareholder value.

Answer :

Final answer:

Corporate strategy is a long-term plan designed to gain a competitive advantage and meet customer and stakeholder expectations. It involves decisions on resource allocation, product offerings, and target markets.

Explanation:

Corporate Strategy is a long-term plan or framework that aims to gain a competitive advantage and deliver on both customer/client and stakeholder promises, such as shareholder value. It involves the overall direction and scope of an organization, encompassing decisions on resource allocation, product offerings, and target markets.

For example, a company may formulate a corporate strategy to expand into new international markets, diversify its product line, and invest in research and development to stay ahead of competitors.

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