As you are aware, the business definition for corporate strategy is the direction an organization takes with the objective of achieving business success in the long term. I’ll use the sub-prime fallout as an example to illustrate two important aspects within corporate strategies, i.e. risk related aspects and human resources related aspects. 2.
The turbulence of the international financial markets caused by the subprime fallout will probably linger for another 1-2 years. The rescue actions adopted by central banks of the developed economies have prevented a major financial calamity from happening but the impact on global economy and financial markets will remain for quite a while. There is no exact figure for overall subprime losses.