The most drastic renewal strategy an organization can carry out is a retrenchment strategy.

Name: The most drastic renewal strategy an organization can carry out is a retrenchment strategy.
Brand: Quizplus
Rating: 4.9 (29 reviews)

Question

Quizplus · Accepted Answer

A retrenchment strategy involves scaling back operations to become more financially stable, but more drastic renewal strategies can include reorganization or complete restructuring, which may involve significant changes to the business model, leadership, and operational processes.

The Most Drastic Renewal Strategy an Organization Can Carry Out