A strategy designed for situations in which the organizations performance problems are much more serious

DEFINITION OF ENTREPRENEURSHIP

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A strategy designed for situations in which the organization’s performance problems are much more serious

A	Retrenchment strategy
B	Turnaround strategy
C	Either A or B
D	None of the above

Explanation:

Detailed explanation-1: -What is a Turnaround Strategy? A turnaround strategy is a set of strategies that are designed to rescue a failing business. This is a strategy that is implemented when the business is going into a spiral and is in a situation where it is at risk of closing.

Detailed explanation-2: -Answer & Solution Turnaround strategy means to convert, change or transform a loss-making company into a profit-making company. It means to make the company profitable again.

Detailed explanation-3: -Conduct a Readiness Assessment. Don’t just hold an all-hands meeting and deliver the same shocking news to everyone at once. Create a Change Management Plan. Communicate the Right Way. Ensure Executive and Employee Buy-in. Align People, Processes and Culture. 06-Apr-2020

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INTRODUCTION TO ENTREPRENEURSHIP

DEFINITION OF ENTREPRENEURSHIP