Which type of strategy do companies often choose when their external environment doesn't change much or when they have struggled with periods of explosive growth?

Question

Quizplus · Accepted Answer

When the external environment is relatively stable, companies often choose a stability strategy to maintain their current business operations and avoid major changes. This is also true for companies that have struggled with periods of explosive growth and may need to consolidate their gains before pursuing further growth. The stability strategy involves maintaining current products or services, focusing on efficiency and cost control, and limited investments in new growth opportunities.

Which Type of Strategy Do Companies Often Choose When Their