Why Might a Company Pursue a Strategy of Less Product

question 81

Essay

Why might a company pursue a strategy of less product line consistency?

---

Definitions:

Teamwork

Teamwork involves a group of people working collaboratively towards a common goal, leveraging diverse skills and perspectives.

Bureaucratic

Pertains to a system or manner of government or organization that is characterized by fixed and complex rules, a hierarchy of authority, and a focus on procedure over people.

Turnaround Strategy

A plan implemented by a company facing difficulties, aiming to recover its profitability and ensure long-term survival.

Rightsizing

An organizational restructuring strategy aimed at optimizing its workforce to improve efficiency and performance, often involving layoffs.