A ___ seeks to correct weaknesses by making changes to the current ways of operating.

Question

Quizplus · Accepted Answer

A restructuring strategy involves making changes to the current ways of operating in order to correct weaknesses and improve performance. This may involve downsizing, reorganizing, or divesting underperforming parts of the business. Related and unrelated diversification strategies involve expanding into new business areas, while forward and backward integration strategies involve expanding control over the supply chain. None of these strategies necessarily focus on correcting weaknesses in the current ways of operating.

A ___ Seeks to Correct Weaknesses by Making Changes to the Current