Asked by Nancy Torres on Jun 19, 2024
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A "harvest" strategy can also be conceptualized as a "retrenchment" strategy because the goal is to restructure and not grow.
Harvest Strategy
A business approach focused on extracting maximum profits from a product, division, or business segment with minimal investment.
Retrenchment Strategy
A strategy used by businesses to reduce their size or operations in response to economic challenges or poor performance in order to become more financially stable.
Restructure
The process of changing the organizational, ownership, or operational structure of a company to make it more profitable, efficient, or to adapt to new conditions.
- Differentiate between the types of strategies (growth, retrenchment, stability) and their applications.
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Learning Objectives
- Differentiate between the types of strategies (growth, retrenchment, stability) and their applications.
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