For any company, we need to form
corporate level strategies, as with such corporate level
strategies, we can leverage and build core competencies, products
for our firm, however, there are several limitations, and these are
as pointed below:
- Building such strategy could take
more investment and in some cases, Return value could be decreasing
or poorly trending at initial period of time, hence, corporate
level strategy should be prepared to project specific direction for
the company.
- Corporate level strategies should
be going through various privacy practices and so, other companies
and competitors should not take advantages from it. Instead it
should bring more advantages and benefits for its internal
stakeholders first and other stakeholders like customers and
general public.
- Corporate level strategies should
be formed to minimize any detrimental effects of the organizational
culture. With such positive endeavor, we can build such corporate
level strategies in effective way and further, we can leverage and
build core competences and products for our firm.