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What Do You Mean By An Organization’s Retrenchment And Retrenchment Strategies? |
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Answer» Retrenchment is a corporate-level STRATEGY that seeks to reduce the size or DIVERSITY of an organization's operations. Retrenchment is also a REDUCTION of expenditures in order to BECOME financially stable. Retrenchment is a pullback or a withdrawal from offering some current products or serving some markets. Retrenchment is often a strategy employed prior to or as part of a Turnaround strategy. Retrenchment is a corporate-level strategy that seeks to reduce the size or diversity of an organization's operations. Retrenchment is also a reduction of expenditures in order to become financially stable. Retrenchment is a pullback or a withdrawal from offering some current products or serving some markets. Retrenchment is often a strategy employed prior to or as part of a Turnaround strategy. |
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