Firms often use the downscoping and downsizing strategies simultaneously as did Citigroup in its restructuring
(Chapter 7 Strategic Focus).

Name: Firms often use the downscoping and downsizing strategies simultaneously as did Citigroup in its restructuring (Chapter 7 Strategic Focus).
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Question

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Citigroup's restructuring involved both downscoping, where it divested non-core businesses, and downsizing, where it reduced its workforce and overall operations. Therefore, the statement is true.

Firms Often Use the Downscoping and Downsizing Strategies Simultaneously as Did