_____ is an outcome of successful strategic change in the context of an established business.

Question

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Corporate renewal refers to the process of revitalizing and repositioning an established business to achieve long-term success. This can involve a range of strategic changes, including restructuring, rebranding, and refocusing on core competencies. The ultimate outcome of successful corporate renewal is a stronger, more competitive business that is better equipped to meet the challenges of the marketplace. New-venture creation, IPOs, and entrepreneurship, while related to strategic change, are not necessarily outcomes of successful strategic change in an established business.

_____ Is an Outcome of Successful Strategic Change in the Context