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In an attempt to stop declining profitability, ICI, a British chemical company, deleted petrochemical products from its production and concentrated on specialty chemicals, a less capital-intensive, less cyclical business. What type of a grand strategy was ICI using?
Negative Emotional Reactions
Responses that are characterized by negative feelings such as sadness, anger, or fear, typically as a consequence of specific events or situations.
Loss Of Trust
The breakdown or erosion of confidence and belief in an individual, organization, or system.
Alternative Work Arrangements
Employment setups that differ from traditional schedules or locations, including telecommuting, part-time jobs, and flexible hours.
Work-Home Conflicts
The conflicts that arise when the demands of work interfere with home life or vice versa, leading to stress and strain.
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