ExamVeda
Login
Home

Turnaround strategies involve changes at what level of strategy

This question belongs to Management Strategic Management
Strategic Management
?

Turnaround strategies involve changes at what level of strategy?

Answer & Solution
Correct Answer: Option C
Turnaround strategies involve changes at Competitive level of strategy. 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. The main purpose of implementing a turnaround strategy is to turn the company from a negative point to a positive one.
Examveda
Question posted by Examveda
Community

Join the Discussion

1 Comment
Tawseef Ur
Tawseef Ur 3 years ago
turnaround strategy is a retrenchment strategy which comes under corporate level strategy.
Keep Learning

Related Questions on Strategic Management

Strategy is developed by the visionary chief executive in ___________ mode of strategic management
A. planning mode B. adaptive mode C. strategic mode D. entrepreneurial mode
Stability strategy is a ____________ strategy
A. corporate level B. business level C. functional level D. strategic level
What are the means by which long term objectives will be achieved?
A. Strategies B. Policies C. Strength D. Opportunities
Marketing strategy is a ___________ type of strategy
A. business level B. Growth strategy C. corporate strategy D. functional strategy
More Related Questions on Strategic Management