Asked by Yoselin Ramirez on Jun 10, 2024
Verified
___ strategy is used when an organization seeks to maintain current operations without substantial changes.
A) Stability
B) Renewal
C) Combinational
D) Growth
E) Operational
Stability Strategy
A business approach aimed at maintaining the current status quo in terms of growth rate, revenues, and operational scale, often used in predictable environments.
Maintain Current Operations
The ongoing efforts to keep a business's regular activities running smoothly and efficiently.
- Grasp the concept of stability strategy and its importance in maintaining current business operations.
Verified Answer
TB
Tatum BrannanJun 16, 2024
Final Answer :
A
Explanation :
Stability strategy is used when an organization seeks to maintain current operations without substantial changes. This strategy is usually adopted by organizations that are satisfied with their current position in the market and do not want to take any significant risks. They focus on maintaining their current market share, profitability and customer base.
Learning Objectives
- Grasp the concept of stability strategy and its importance in maintaining current business operations.
Related questions
Economic Stability Refers to the Condition of Steady Growth in ...
A Stability Strategy Maintains Current Operations Without Substantial Change
Proctor Company Has Fixed Costs of $315,000 and a Contribution ...
Business Models Generally Discourage Experimentation
__________ Focuses on the Strategic Question: in What Industries and ...