Which of the following occurs when an organization finds that its current operations are not effective, and major changes, such as rightsizing, are usually needed to rectify the problem?
A) A diversification strategy
B) A turnaround strategy
C) A growth strategy
D) A stability strategy

Question

Quizplus · Accepted Answer

A turnaround strategy is implemented when an organization recognizes that its operations are not effective and decides that significant changes are necessary to rectify the situation. This often involves rightsizing and restructuring to improve organizational performance and efficiency.

Which of the Following Occurs When an Organization Finds That