Which of the following strategies are adopted by a business tycoon when the first new management of the purchased company fails?
A)He tries a second management team.
B)He tries to train and motivate the existing management team.
C)He sells off part of the company in the market.
D)He tries to reduce the cost of production by lowering output.

Question

Quizplus · Accepted Answer

If the first new management team fails, the business tycoon may try a second management team before considering other options. This allows for a second chance to turn the company around before making more drastic decisions such as selling off part of the company or reducing production. Trying to train and motivate the existing management team may also be an option, but if they have already proven to be unsuccessful, bringing in a new team may be necessary. Selling off part of the company or reducing production may also be options in certain circumstances, but they are less likely to be the first choice when dealing with a failed management team.

Which of the Following Strategies Are Adopted by a Business