Which of the following steps will be pursued by a company to implement a stability strategy?
A) It will downsize its workforce through terminations and layoffs.
B) It will explore new sources for potential, talented employees.
C) It will increase the value of existing employees through additional training.
D) It will intensify recruitment efforts and design attractive salary packages.
E) It will declare early retirement plans for its employees.

Question

Quizplus · Accepted Answer

A stability strategy involves maintaining and improving the current business operations rather than pursuing new opportunities. To implement this strategy, a company would focus on ensuring the efficiency and effectiveness of its existing workforce. Therefore, increasing the value of existing employees through additional training is the correct choice. Downsizing or increasing recruitment efforts would not align with a stability strategy, and declaring early retirement plans may not be necessary if the company is already stable. Exploring new sources for potential, talented employees may be a consideration for future growth strategies but not for stability.

Which of the Following Steps Will Be Pursued by a Company