9.1 The Board’s Strategic Directions 2016-2020 May 2016
Tabled paper 1883
Tabled Papers for 12th Assembly 2012 - 2016; Tabled Papers; ParliamentNT
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5. Business transformation program This section outlines the Board's response to the strategic weaknesses and threats facing Power and Water, and the under-utilised strategic strengths and opportunities. 5.1 What is corporate strategy? Identifying the strategic direction to be taken by the Corporation is the Board's responsibility. By 'strategy', the Board's focus is on Power and Water's corporate strategy. Corporate strategy is the way a corporation creates value through the configuration and coordination of its multi-market activities. The focus of corporate strategy is on what businesses a corporation is in, and how the corporate centre manages those businesses. Done properly, establishing linkages between business units that lead to economies of scope and reducing costs through the elimination of duplication in functions or services will add value to these business units. Box 5.1 expands on the difference between corporate strategy on the one hand and business and functional strategies on the other. THE BOARD'S STRATEGIC DIRECTIONS 2016-2020 23
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