A ________ strategy addresses organizational weaknesses,helps stabilize operations,and revitalizes organizational resources and capabilities.
A)diversification
B)concentration
C)retrenchment
D)stability

Question

Quizplus · Accepted Answer

Retrenchment strategy is used to address organizational weaknesses by cutting back on operations, resources, and capabilities. This often involves downsizing or restructuring to stabilize performance and revitalize the organization for future growth. Option A, diversification, involves expanding into new markets or products and may not directly address weaknesses. Option B, concentration, involves focusing on a particular market or product, while option D, stability, maintains the status quo and may not make necessary changes to address weaknesses.

A ________ Strategy Addresses Organizational Weaknesses,helps Stabilize Operations,and Revitalizes Organizational