BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -With the stability strategy, the firm has the benefit of concentrating its resources and attention on the existing businesses/products and markets. The growth objective of firms employing this strategy is quite modest. Conversely, only firms with modest growth objective choose for this strategy.

Detailed explanation-2: -Stability strategy is a corporate level strategy. A stability strategy refers to a strategy by a company where the company stops the expenditure on expansion, in other words it refers to situation where company do not venture into new markets or introduce new products.

Detailed explanation-3: -What is a Stability Strategy? As the name implies, a stability business strategy seeks to maintain operations and market size and position. This strategy is characteristic of small risk-averse firms or firms operating in a very precarious market that is comfortable with its current position.

Detailed explanation-4: -Q2. What type of strategy is stability strategy? Explanation: Stability strategies are enterprise-level strategies. A stable strategy is a company’s strategy of stopping spending on expansion, in other words, a situation where a company does not enter a new market or introduce a new product.

Detailed explanation-5: -A corporate-level strategy is a multi-tiered company plan that leaders use to define, outline and achieve specific business goals.