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Translating Corporate Strategy into Project Strategy: Realizing Corporate Strategy Through Project Management by Ashley Jamieson, Peter Morris

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Business Strategy

The company’s business sectors and business units utilize the create business strategy and five-year commitment (FYC) process to manage their strategy, as shown in Figure 2.2. The corporate objectives, targets, and risks—communicated by corporate headquarters to the business sectors—are translated into business objectives, targets, and risks for the business units. In turn, they are used as inputs to continuously update corporate strategy. Each business sector strategy comprises the strategies of all the business units within its sector and must be in line with—and contribute to—corporate strategy. Similarly, the combined strategies, plans, and commitments of the business units have to meet the agreed business sector objectives ...

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