A renewal strategy is a corporate strategy designed to address organizational weaknesses that are leading to performance declines.

Question

Quizplus · Accepted Answer

A renewal strategy is indeed designed to address organizational weaknesses that are leading to performance declines. It involves taking strategic actions to turn around a company's declining fortunes, including restructuring, cost-cutting, new product/service offerings, and other measures to improve performance and competitiveness.

A Renewal Strategy Is a Corporate Strategy Designed to Address