How does horizontal growth differ from vertical growth of a corporate strategy?

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How does horizontal growth differ from vertical growth of a corporate strategy?

General Instructions – PLEASE READ THEM CAREFULLY
The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
Assignments submitted through email will not be accepted.
Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
Students must mention question number clearly in their answer.
Late submission will NOT be accepted.
Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
Submissions without this cover page will NOT be accepted.

Learning Outcomes:
1. Recognize the basic concepts and terminology used in Strategic Management. (CLO1)
2.Explain the contribution of functional, business, and corporate strategies to the competitive advantage of the organization. (CLO3)
3.Distinguish between different types and levels of strategy and strategy implementation. (CLO4)
4.Communicate issues, results, and recommendations coherently, and effectively regarding appropriate strategies for different situations. (CLO6)
Discussion Questions (2 marks for each question)
How does horizontal growth differ from vertical growth of a corporate strategy? From concentric diversification? Give at least one example for each strategy. (CH 7) (not less than 350 words).
What are the tradeoffs between an internal and an external growth strategy? Which approach is best as an international entry strategy? (CH 7) (not less than 350 words).
Are functional strategies interdependent, or can they be formulated independently of other functions? Discuss (CH 8) (not less than 350 words).
What skills should a person have for managing a business unit following a differentiation strategy? Why? What should a company do if no one is available internally and the company has a policy of promotion from within? (CH10) (not less than 350 words).
Is the evaluation and control process appropriate for a corporation that emphasizes creativity? Are control and creativity compatible? Justify and give examples from the real market. (CH 11) (not less than 350 words).
The Answer must follow the outline points below:
Each answer should be within the range of word counts.
Format the text moderately – the margins must be equal-
Avoid copying
Avoid plagiarism
Reference: Use at least 6 with APA-style referencing.
Note: You can support your answer with the course book.
You can use secondary sources available on internet.

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