Companies adopting a _____ strategy need to train employees in job-search skills and to focus on cross-training their remaining employees.

Question

Quizplus · Accepted Answer

Disinvestment strategy involves the reduction or elimination of certain business units or product lines. This often leads to downsizing and layoffs. As a result, companies adopting this strategy need to prepare their employees for potential job loss by providing training in job-search skills. It is also important to cross-train remaining employees to ensure that they have the skills needed to take on new responsibilities as the company restructures. Concentration strategy involves focusing on a particular business unit or product line, external growth strategy involves merger or acquisitions, and internal growth strategy involves expanding the existing business through investment and development.

Companies Adopting a _____ Strategy Need to Train Employees in Job-Search