Corporate strategy vs Business strategy

	Corporate strategy	Business strategy
Meaning	It concerns how diversified company intends to establish business positions in different industries as well as it deals with actions and approaches needed to improve performance of the group of diverse business.	It concerns with the actions and approaches crafted by management to produce successful performance in one specific line of business.
Nature	It deals with: Kind of business in which company should be engaged. Goals and expectations of each and every business. Resource allocation to reach above goals and expectations of each and every business.	It deals with: Taking competitive advantage in particular business in market. Types of customer seek to serve. Products of services that should be offered. Resource allocation for that particular business.
Scope	Wider scope: Deals with corporate as a whole.	Moderate scope: Deals with particular business in market.
Types	Stability strategies Growth strategies Retrenchment strategies Combination strategies	Cost leadership Differentiation Focus/Niche