Which of the following is NOT one of the three levels of strategic management?

In the context of strategic management, there are typically three recognized levels: corporate, business, and functional. These levels help organizations structure their strategy and align it with overall objectives.

The corporate level focuses on the overall scope and direction of the entire organization, addressing decisions such as which markets to enter and the types of business units to operate. The business level centers on how to compete successfully in particular markets, emphasizing competitive strategies to achieve a sustainable advantage. The functional level involves specific departments or functions within the business, such as marketing, operations, and finance, which implement the strategies set at the corporate and business levels.

The executive level, while it plays a crucial role in the execution and oversight of strategies, is not categorized as a distinct level of strategic management itself. Instead, executives operate within the aforementioned strategic layers, carrying out the strategic intents outlined at corporate and business levels.

Therefore, the correct response indicates that "executive," although integral to strategic management, does not represent an official level of strategic management like the others do.