Retrenchment Would Be an Effective Strategy When an Organization

question 28

Multiple Choice

Retrenchment would be an effective strategy when an organization

• A)is one of the stronger competitors in a given industry.
• B)has decided to capitalize on opportunities,maximize threats,take advantage of strengths and overcome weaknesses.
• C)is plagued by inefficiency,low profitability,poor employee morale and pressure from stockholders to improve performance.
• D)does not have a clearly distinctive competence and has failed to meet its objectives and goals consistently over time.
• E)has shrunk so quickly that major internal reorganization is needed.

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Definitions:

Formal Process

An established, structured procedure or set of steps followed to achieve a specific goal or outcomes within an organization or institution.

Work Unit

A division or segment of an organization designated for specific tasks or responsibilities, often consisting of a team of employees.

Internship Programs

Structured work experiences provided by organizations to students or recent graduates for a given period to gain professional skills and knowledge.

Students

Individuals engaged in learning, either in academic institutions or other educational settings, to gain knowledge and skills.