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

Question

Quizplus · Accepted Answer

Retrenchment strategy focuses on reducing organizational weaknesses and stabilizing operations by cutting costs and revitalizing resources. This strategy is implemented when the organization is facing financial constraints, declining revenues, or competitive pressures. Other strategies, such as diversification, integration, concentration, and stability are focused on growth and expansion rather than addressing weaknesses and revitalizing resources.

__________ Strategy Addresses Organizational Weaknesses, Helps Stabilize Operations, and Revitalizes