Examlex
Select the correct suffix for the following descriptions.
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Organization Anticipates
The process by which organizations attempt to foresee future challenges or opportunities and prepare accordingly.
Retrenchment
A retrenchment or turnaround strategy occurs when an organization finds that its current operations are not effective, and major changes are usually needed to rectify the problem. In most cases, this strategy involves rightsizing the organization by closing operations, shutting down factories, and terminating employees in order to get back on the right track.
Executive Succession
Involves systematically planning for future promotions into top management positions.
Development Costs
Expenses associated with the development of new products, services, or processes.
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