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A firm decides to defend itself from a hostile takeover.Management tries to solicit competing takeover bids from other firms.This defense involves the use of a:
Lag Strategies
Compensation approaches where organizations pay below market rates due to financial constraints but aim to offer other benefits to attract and retain employees.
Labour-Intensive Firms
Companies that require a higher portion of labor input in their operations as compared to capital input, often leading to higher employment levels.
Employee Stability
The extent to which an organization retains its workforce, minimizing turnover and fostering a stable work environment.
Training And Development
Programs and activities aimed at improving the knowledge, skills, and competencies of employees to enhance their performance and career growth.
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