Reducing the size, scope or number of operational units usually in a declining environment is known as a retrenchment strategy.
Correct Answer:
Verified
Q143: In informal planning, the organization's objectives are
Q144: In informal planning, the organization's objectives are
Q145: Describe SWOT analysis and how it is
Q146: How is competitive intelligence useful?
Q147: A combination strategy is a strategy that
Q149: Describe Porter's Model and explain how a
Q150: Strategic plans describe how an organization's overall
Q151: Choose two grand strategies and describe those
Q152: The evidence suggests organizations should have formal
Q153: The grand strategies are growth, differentiation, stability,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents