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Stability Strategies, The Stability Strategy is adopted when the organization, attempts to maintain its current position and focuses only, on the incremental improvement by merely changing one or, more of its business operations in the perspective of, customer groups, customer functions and technology, alternatives, either individually or collectively.
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Stability Strategies, Generally, the stability strategy is adopted by the firms that, are risk averse, usually the small scale businesses or if the, market conditions are not favorable, and the firm is, satisfied with its performance, then it will not make any, significant changes in its business operations. Also, the, firms, which are slow and reluctant to change finds the, stability strategy safe and do not look for any other options.
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Stability Strategies, 1. No Change Strategy : The No-Change Strategy, as the, name itself suggests, is the stability strategy followed, when an organization aims at maintaining the present, business definition. Simply, the decision of not doing, anything new and continuing with the existing business, operations and the practices referred to as a no-change, strategy.
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Stability Strategies, 2. Profit Strategy : The Profit Strategy is followed when, an organization aims to maintain the profit by whatever, means possible. Due to lower profitability, the firm may cut, costs, reduce investments, raise prices, increase, productivity or adopt any methods to overcome the, temporary difficulties. The profit strategy can be followed, when the problems are temporary or short-lived and will go, away with time.
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Stability Strategies, 3. Pause/Proceed with Caution Strategy : It is a stability, strategy followed when an organization wait and look at the, market conditions before launching the full-fledged grand, strategy. Also, the firm that has intensely followed the, expansion strategy would wait till the time the new, strategies seeps down the organizational levels and look at, the changes in the organization structure before taking the, next step.
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Retrenchment Strategies, The Retrenchment Strategy is adopted when an, organization aims at reducing its one or more business, operations with the view to cut expenses and reach to a, more stable financial position. In other words, the strategy, followed, when a firm decides to eliminate its activities, through a considerable reduction in its business operations,, customer groups, customer functions and technology, alternatives, either individually or collectively is called as, Retrenchment Strategy.
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Retrenchment Strategies, 1. Turnaround Strategy : It is a retrenchment strategy, followed by an organization when it feels that the, decision made earlier is wrong and needs to be undone, before it damages the profitability of the company., Simply, turnaround strategy is backing out or retreating, from the decision wrongly made earlier and, transforming from a loss making company to a profit, making company.
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Retrenchment Strategies, 2. Divestment Strategy : The Divestment Strategy is, another form of retrenchment that includes the downsizing, of the scope of the business. The firm is said to have, followed the divestment strategy, when it sells or liquidates, a portion of a business or one or more of its strategic, business units or a major division, with the objective to, revive its financial position. The divestment is the opposite, of investment.
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Retrenchment Strategies, 3. Liquidation Strategy : The Liquidation Strategy is the, most unpleasant strategy adopted by the organization that, includes selling off its assets and the final closure or, winding up of the business operations. It is the most crucial, and the last resort to retrenchment since it involves serious, consequences such as a sense of failure, loss of future, opportunities, spoiled market image, loss of employment, for employees, etc.
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