Corporate strategy refers to the overall plan that an organization develops to achieve its long-term goals and objectives. It encompasses decisions regarding the direction and scope of the business, including which markets to compete in, how to allocate resources, and how to create competitive advantages. The aim of corporate strategy is to enhance the overall value of the organization and ensure sustainability and growth in a competitive environment. This includes considerations such as mergers and acquisitions, diversification, partnerships, and investment in new areas. A well-defined corporate strategy aligns the organization’s structure, processes, and resources with its mission and vision to drive success and create shareholder value.
Toshiba is revamping its research and development structure by merging its technology division with energy and infrastructure R&D teams. A new Comprehensive Research Institute will launch on April 1, involving…