Strategies focusing on market development,product development,innovation,or joint ventures make up the ________ strategy of an organization.

Question

Quizplus · Accepted Answer

Strategies focusing on market development, product development, innovation, or joint ventures are all part of the internal growth strategy of an organization. This strategy involves expanding the organization's operations and increasing sales through innovation, developing new products or services, exploring new markets, or forming partnerships with other companies. Retrenchment, divestment, and liquidation, on the other hand, involve downsizing or exiting from current operations. Benchmarking is a tool used to measure an organization's performance against industry standards or best practices, and is not a strategy in itself.

Strategies Focusing on Market Development,product Development,innovation,or Joint Ventures Make Up