BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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These strategy that are grouped together as they all represent actions commonly used in corporations facing some difficulties in their operations
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turnaround strategies
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Diversified strategy
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Integration strategy
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expansion strategy
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Explanation:
Detailed explanation-1: -The turnaround strategy is a set of strategies designed to rescue a failing business. This means that you have to increase sales, reduce expenses, and increase profits. In order to successfully implement a turnaround strategy, it is important to first understand what caused the downturn.
Detailed explanation-2: -The four Organizational Strategies are Product/Innovation, Revenue/Sales, Service, and Process.
Detailed explanation-3: -A combination strategy employ any simultaneous combination of other master strategies. It includes use by a firm of a different strategy in individual business units or by use of multiple strategies in a single business unit at the same or different times.
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