Types of Strategies Homework Help
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Strategy is defined as an action plan shaped by the management in order to attain the objectives of a company. Strategies are usually formulated at the top level management while the lower level management executes them. It is mentioned in Types of Strategies Homework Help that strategy is a combination of both external and internal factors. The different types of strategies have been explained in the following section of Types of Strategies Homework Help.
Types of Strategies
There are four types of strategies- growth, stability, retreat and combined. The various types of strategies explained in Types of Strategies Homework Help are given below
• Stability Strategy- When the environment of an organization is stable, stability strategy is adopted. Basically, it is a strategy which is beneficial when a company is satisfied by its current position. The different types of stability strategy can be studied in Types of Strategies Homework Help.
• Growth Strategy- It can be studied in Types of Strategies Homework Help. Growth strategy is adopted by an organization when the management is not satisfied with the current status.
• Retreat Strategy- Retreat strategy is adopted by the management to cut business expenses in order to attain a stable financial environment. It is also known as retrenchment strategy. It can be further sub-divided into- disinvestment strategy, turnaround strategy and liquidation strategy.
• Combined Strategy- Combined strategy is the combination of the three above said strategies. Multiple strategies are employed by multi business companies.
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