A retrenchment strategy is a short-run renewal strategy that helps an organization stabilize operations, revitalize organizational resources and capabilities, and prepare to compete once again.

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A retrenchment strategy is a short-term strategy that aims to stabilize an organization's operations, revitalize its resources and capabilities, and prepare it to compete once again. It often involves cutting costs, reducing staff, and divesting non-core assets to refocus on core strengths and improve financial performance.

A Retrenchment Strategy Is a Short-Run Renewal Strategy That Helps