Asked by Kåmøgelø Mokwå on Jun 10, 2024

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A ___ seeks to correct weaknesses by making changes to the current ways of operating.

A) restructuring strategy
B) related diversification strategy
C) unrelated diversification strategy
D) backward integration strategy
E) forward integration strategy

Restructuring Strategy

A corporate management tactic involving significant organizational changes such as mergers, acquisitions, or downsizing to improve profitability and efficiency.

Weaknesses

Areas of deficiency or lack of strength that can hinder performance or achievement in various contexts.

Changes

Alterations or modifications in circumstances, conditions, environments, or performances.

  • Recognize strategies suited for business renewal and stabilization such as restructuring, turnaround, and liquidation.
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Verified Answer

MR
Monse RamirezJun 14, 2024
Final Answer :
A
Explanation :
A restructuring strategy involves making changes to the current ways of operating in order to correct weaknesses and improve performance. This may involve downsizing, reorganizing, or divesting underperforming parts of the business. Related and unrelated diversification strategies involve expanding into new business areas, while forward and backward integration strategies involve expanding control over the supply chain. None of these strategies necessarily focus on correcting weaknesses in the current ways of operating.