The three main types of corporate strategies are growth, stability, and renewal. a. Growth - A growth strategy is when an organization expands the number of markets served or products offered, either through its current business(es) or through new business(es). Because of its growth strategy, an organization may increase revenues, number of employees, or market share. Organizations grow by using concentration, vertical integration, horizontal integration, or diversification. b. Stability - A stability strategy is a corporate strategy in which an organization continues to do what it is currently doing. Examples of this strategy include continuing to serve the same clients by offering the same product or service, maintaining market share, and sustaining the organization's current business operations. The organization does not grow, but does not fall behind, either. c. Renewal - When an organization is in trouble, something needs to be done. Managers need to develop strategies, called renewal strategies, that address declining performance. The two main types of renewal strategies are retrenchment and turnaround strategies.
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The three main types of corporate strategies are growth, stability, and renewal.
ReplyDeletea. Growth - A growth strategy is when an organization expands the number of markets served or products offered, either through its current business(es) or through new business(es). Because of its growth strategy, an organization may increase revenues, number of employees, or market share. Organizations grow by using concentration, vertical integration, horizontal integration, or diversification.
b. Stability - A stability strategy is a corporate strategy in which an organization continues to do what it is currently doing. Examples of this strategy include continuing to serve the same clients by offering the same product or service, maintaining market share, and sustaining the organization's current business operations. The organization does not grow, but does not fall behind, either.
c. Renewal - When an organization is in trouble, something needs to be done. Managers need to
develop strategies, called renewal strategies, that address declining performance. The two
main types of renewal strategies are retrenchment and turnaround strategies.
Robbins / Coulter, MANAGEMENT, 12th edition, Pearson, 2014
www.pearson.co.uk
This is a guidance answer ... your actual answer during the exam should be longer than this answer ...
thank you these helped me alot
DeleteHello! Thank you for your work and interesting blog. Our online service is focused on writing of different texts in management niche. If you are interested to work in this theme welcome to our site.
ReplyDeleteDe nos jours, en cas de pandémie, il est important pour les chefs d'entreprise de pouvoir organiser le travail à distance de leurs employés. L'expert fournit de précieux conseils sur ce sujet.
ReplyDeleteVery informative. Incredible post. I really like it.
ReplyDeleteIf you need any assistance, then our support is available to you. Just call us at our toll-free support number.
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