A _______ strategy addresses organizational weaknesses, helps stabilize operations and revitalizes organizational resources and capabilities

Solution (By Examveda Team)

A retrenchment strategy addresses organizational weaknesses, helps stabilize operations and revitalizes organizational resources and capabilities. This strategy is often used in order to cut expenses with the goal of becoming a more financial stable business. Typically the strategy involves withdrawing from certain markets or the discontinuation of selling certain products or service in order to make a beneficial turnaround.