What are the three levels of strategy in an organization?

The correct distinction of the three levels of strategy in an organization is represented by corporate, business, and functional strategies.

Corporate strategy is focused on the overall scope and direction of the organization and determines how value will be added to the different parts of the business. It involves decisions about which markets or industries to operate in and how to manage the resources across the organization.

Business strategy pertains to how a company competes successfully in a particular market. It involves decisions regarding competitive positioning, target customers, and unique value propositions that differentiate the company from its competitors.

Functional strategy operates at a more granular level and focuses on how to implement the business strategy within specific departments or functions like marketing, finance, and human resources. This level of strategy ensures that organizational goals are translated into actionable plans that align with the overall business and corporate strategies.

Notably, other options touch on aspects of organizational strategy but do not reflect the widely accepted framework of strategy levels. For example, the combination of marketing and operational strategies highlights only certain functions rather than the comprehensive view represented by the corporate, business, and functional strategies.

Understanding these levels helps in aligning the organization's vision with specific operational tactics, promoting coherence and strategic focus throughout the enterprise.