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

Name: The most drastic renewal strategy an organisation can carry out is a retrenchment strategy.
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Question

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A retrenchment strategy involves scaling back operations to reduce size or diversity, which is less drastic than a turnaround strategy, where fundamental changes are made to reverse declines and revitalize the organization.

The Most Drastic Renewal Strategy an Organisation Can Carry Out