REPORT IN BUSINESS POLICY AND STRATEGY (MITCH)

Strategyformulationcorporatestrategy

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Unformatted text preview: Strategy Formulation: Corporate Strategy Stability Strategies s Pause/Proceed with Caution Strategy ­ is, in effect, a timeout – an opportunity to rest before continuing a growth or retrenchment strategy. s No change ­ is a decision to do nothing new – a choice to continue current operations and policies for the foreseeable future. s Profit Strategy ­ is a decision to do nothing new in a worsening situation but instead to act as though the company’s problems are only temporary. Strategy Formulation: Corporate Strategy Strategy Formulation: Corporate Strategy Retrenchment Strategies A company may pursue retrenchment strategies when it has a weak competitive position in some or all of its product lines resulting in poor performances – sales are down and profits are becoming losses. Strategy Formulation: Corporate Strategy Strategy Formulation: Corporate Strategy Retrenchment Strategies Turnaround Strategy ­ emphasizes the improvement of operational efficiency and is probably most appropriate when a corporation’s problem are pervasive but not yet critical. Captive Company Strategy ­ is the...
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This note was uploaded on 10/03/2013 for the course ECON 312 taught by Professor None during the Spring '05 term at Amrita University.

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