Companies often choose a _____ strategy when their external environment doesn't change much or after they have struggled with periods of explosive growth.
A)stability
B)growth
C)pioneering
D)portfolio
E)retrenchment

Question

Quizplus · Accepted Answer

A stability strategy is most appropriate when a company's external environment is relatively stable and predictable. It involves maintaining the status quo and focusing on improving efficiency and profitability. This strategy may also be adopted after a period of rapid growth, when the company needs to consolidate its gains and stabilize its operations.

Companies Often Choose a _____ Strategy When Their External Environment