Parenting Advantage: The Key to Corporate-Level Strategy
Issue 2, 1995

While business–level strategy has improved dramatically over the past two decades, business–level strategy alone cannot meet the strategic needs of large, multi–business companies. Such companies need strategies for each of their businesses, and they also need something else: a corporate–level strategy. The corporate–level strategy provides a rationale for keeping all these businesses grouped together under common ownership – and at some distance from outside shareholders and investors.