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Choosing the appropriate value chain for each business the company has entered, is not one of the elements of crafting corporate strategy for a diversified company.
A diversified company's strategy is divided into two levels: business unit (or competitive) strategy and corporate (or companywide) strategy. Competitive strategy is concerned with how to get a competitive edge in each of the industries in which a firm operates.
Corporate strategy is concerned with two distinct issues: what companies the corporation should be involved in and how the corporate office should manage the many business divisions.
Corporate strategy is what makes a company's total value greater than the sum of its business unit elements.
The need to reconsider business strategy could not be more pressing. Business raiders profit from poor corporate strategy by taking over and dismantling firms. Raiders may expose any firm to takeover, no matter how massive or blue chip, thanks to junk bond financing and expanding acceptance.
learn more about corporate strategy at https://brainly.com/question/24462624
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