Based on the analysis that you conducted in Part 1, give advice about potential strategic choices at the corporate level and provide two clear strategic recommendations for the company.

For today's homework, we had a talk about providing strategic choices at corporate levels. My quick suggestions were: 

- Stability Strategy:

If the answer to the issue of whether the company should continue in its current business is yes, and the company is doing quite well in that business but has limited room for considerable development, the best strategy is stability. 

And 

- Growth Strategy:

Should the firm increase its current business activities and/or enter new businesses if the answer to the question 'Should the company increase its current business activities and/or enter new businesses)? If the answer is yes, a growth (expansion) strategy is required.

Step-by-step explanation

1. Regards giving advice about potential strategic choices at the corporate level and providing two clear strategic recommendations for the company: 

A. Stability Strategy:

If the answer to the issue of whether the company should continue in its current business is yes, and the company is doing quite well in that business but has limited room for considerable development, the best strategy is stability. (The stability strategy is also known as the neutral strategy.) It backs the following ideas:

1. It continues to serve clients in the same or very comparable product or service, market, or functional sectors as described in its business definition.

2. Its major strategic decisions are aimed at improving functional performance incrementally.

This is a common strategy used by large, dominating corporations in mature industries when the main difficulty is to keep their existing position. Regulated sectors, such as alcoholic beverages and tobacco goods, are another group of industries that use this method. This method is also preferred by many family-owned small and midsize businesses.

B. Growth Strategy:

Should the firm increase its current business activities and/or enter new businesses if the answer to the question 'Should the company increase its current business activities and/or enter new businesses)? If the answer is yes, a growth (expansion) strategy is required. Redefining the business by adding new products/services or new markets, or considerably enlarging the current business, is the growth approach. To put it another way, a business pursues a growth plan when it:

1. It enters a new market or business (including functions).

2. It has a significant impact on its existing operations.

Internal or external growth strategies might be pursued by a corporation.