Corporate scope:
As in the normal
condition, scope can be defined as a project management term for the combined
objectives and requirements necessary to complete a project. Properly defining
the scope of a project allows a manager to estimate costs and the time required
to finish the project.
Here, Corporate scope
is the area which business firm is planning to cover or it is targeted area
under which is going to operate its function.
For the organization
view point, If the scope is determine it will help to develop various strategies
and planning so that there will be smooth functioning in the business.
For example, if any one
want to work in the educational sector then, there is huge opportunities in Nepal
which is consider as the scope.
Corporate objectives:
Here, in the normal
condition, it can be defined as a well defined and realistic goal set by a
company that often influences its internal strategic decisions. Most corporate
objective targets used by a business will specify the time frame anticipated
for their achievement and how the company's success in doing so is to be
assessed.
In other words, Corporate
objectives are those end results or desired outcome for which entire
organization give their best. Due to corporate objective organization member
will have clear vision what to do and they also link their own organization
objective, Hence that any conflict doesn't arise.
For example, if any
company wants to decrease the cost and increase the profit, at that time it is
one of the objectives for that company.
Corporate strategies:
As we know that,
Corporate Strategy is concerned with how companies, like Disney, create value
across different businesses. It takes as given the RC lessons on competitive
strategy, and asks how the corporation can add value over and above that which
a business unit creates by itself. This requires the corporation to invest in a
valuable set of resources, craft the business portfolio, and design the
organization structure, systems and corporate functions to share activities or
transfer skills across businesses.
In other words, Strategies
is to prepare a certain plan to achieve a particular goal. And these strategies
are develop as per vision and mission of the company by doing SWOT analysis by
analyzing external environment and internal environment and finally matching
strengths with opportunities.
For example, for the
any organization, beating the competition (strategies and tactics to gain
competitive advantage) as consider as the strategy of the organization.
