Distinguish corporate level strategy and business level strategy, State three benefits of Strategy.

Corporate level strategy and business level strategy are two critical dimensions of strategic management that guide a company's direction and operations. While both are crucial for long-term success, they differ significantly in terms of their scope, focus, and the decisions they involve. 

### Corporate Level Strategy

Corporate level strategy pertains to the overarching strategy that guides the entire organization. It is concerned with decisions regarding the scope of the business, the markets in which the organization operates, and the resources allocated to various business units. This level of strategy is typically formulated by top management and is often referred to as the "grand strategy." The corporate strategy defines the mission, vision, and goals of the company at a macro level, and its primary objective is to maximize the long-term value of the organization.

Corporate level strategies involve decisions regarding:

1. Diversification: Whether the company should enter new industries or markets, either related or unrelated to its current operations. Diversification can reduce risks by spreading operations across different sectors.

2. Acquisitions and Mergers: Deciding whether to acquire other companies or merge with them in order to expand the company's reach, capabilities, and competitive advantage.

3. Vertical Integration: Whether the company should integrate its operations by acquiring suppliers (backward integration) or distributors (forward integration), which can help reduce costs or improve control over the supply chain.

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