A(n)________ strategy addresses organizational weaknesses, helps stabilize operations, and revitalizes organizational resources and capabilities.

Question

Quizplus · Accepted Answer

Retrenchment strategies are focused on addressing organizational weaknesses and stabilizing operations by cutting back on expenses, reducing staff, divesting non-core assets and businesses and other measures that help an organization to regroup and revitalize its resources and capabilities. Horizontal integration involves expanding operations through mergers or acquisitions within the same industry, vertical integration involves expanding operations through mergers or acquisitions with suppliers or distributors, and unrelated diversification involves expanding operations into unrelated businesses or industries. While these strategies may also involve organizational restructuring, they are not primarily focused on addressing weaknesses or stabilizing operations.

A(n)________ Strategy Addresses Organizational Weaknesses, Helps Stabilize Operations, and Revitalizes