[kɑmbəˈneɪʃən ˈstrætəʤi]
Definition: is an interconnected and interdependent set of various strategies that are compatible with each other and ensure achieving of the main strategic goal. Simultaneously, combined strategies are a means of communication with the external market environment. The choice of a combination strategy depends on many conditions such as forms of competition and the degree of its rigidity, the pace and nature of inflation, the government's economic policy, the comparative advantages of the national economy in the world market and other so-called external factors, as well as internal factors related to the capabilities of the enterprise itself , its production and financial resources.
Combination strategy in a sentence:
- Combination strategy covers the activities of the enterprise as a whole.
- Combination strategy defines the directions of actions in such functional environments of the organization as finance, marketing, production, personnel management.
Synonyms and related words: development of strategies, corporate goals, decision-making
