In an attempt to stop declining profitability,ICI,a British chemical company,deleted petrochemical products from its production and concentrated on specialty chemicals,a less capital intensive,less cyclical business.Which type of strategy will ICI more than likely implement if it is successful in making the needed changes?

Question

Quizplus · Accepted Answer

The recovery strategy is defined as the strategic actions taken after retrenchment to return to a growth strategy.

In an Attempt to Stop Declining Profitability,ICI,a British Chemical Company,deleted