To start with, we must first understand what a managerial strategy means and how we can apply the appropriately.
And according to a lay man understanding it simply means how you designs you organization in order to meet your targeted goals and how the managerial strategy links to rewards and compensation.
To choose the appropriate managerial strategy for the multi-products corporation, we must firstly have to understand the five key Contextual variables, which will help identify the best managerial strategy to use.
These variables are:- THE ENVIRONMENT This is the most important aspect to help determine the managerial strategy to use, because it help ask two questions to determine the managerial strategy and the first question is:- Whether the firm environment is stable or unstable? and an unstable (dynamic) environment exists where product or service life cycles are short, where product or service demand is volatile, where customers needs change quickly and unpredictable (Richard, 2009). And according to the multi products corporation story, market research suggests that the demand for the product will be strong and stable and demand will not be very price sensitive, since golfers who want the product will generally be willing to pay what it takes to get the product. However, it have a stable environment and classical or human relations approach will be best for the corporation.
The second question is if the firm's environment is simple or complex? And it is said to be a straight forward production which means it is simple environment, so the classical managerial strategy will work here also. TECHNOLOGY The technology is also important i.e The set of procedures and resources used to transform input into output and according to