Question: a ) . Growth strategy: A growth strategy involves expanding a company's business activities, such as by increasing market share, expanding into new geographic markets,
a Growth strategy: A growth strategy involves expanding a company's business activities, such as by increasing market share, expanding into new geographic markets, or developing new products or services. Growth strategies may involve mergers and acquisitions, joint ventures, or strategic partnerships.
b Stability strategy: A stability strategy involves maintaining a company's current business activities without significant changes. This may be appropriate if the company is in a mature industry with limited growth potential, or if the company is facing significant challenges or uncertainty.
c Retrenchment strategy: A retrenchment strategy involves shrinking a company's business activities, such as by selling off noncore assets, closing unprofitable business units, or reducing costs. This may be necessary if a company is facing financial difficulties or is in an industry undergoing significant change or disruption.
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