Asked by Amanda Palazzo on May 03, 2024
Verified
Which of the following strategies primarily tries to fix specific performance problems?
A) downsizing
B) turnaround
C) multidomestic
D) divestiture
E) co-opetition
Turnaround
A process or strategy aimed at recovering a company from a period of poor performance and financial decline to achieve positive financial results and operational efficiency.
Performance Problems
Issues related to an individual's or group's inability to meet established standards or goals in work or project outcomes.
- Comprehend the effects of strategic restructuring strategies including downsizing, divestiture, and turnaround.
Verified Answer
ZK
Zybrea KnightMay 06, 2024
Final Answer :
B
Explanation :
Turnaround strategies focus on identifying and fixing specific performance problems in a company. Downsizing involves reducing the size of a company or organization, multidomestic involves adapting products and services to meet local needs, divestiture involves selling off parts of a company or business, and co-opetition involves working with competitors for mutual benefit. While each of these strategies may have an impact on performance, they are not primarily focused on fixing specific performance problems.
Learning Objectives
- Comprehend the effects of strategic restructuring strategies including downsizing, divestiture, and turnaround.
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