A Retrenchment Strategy Is a Short-Run Renewal Strategy That Helps

question 85

True/False

A retrenchment strategy is a short-run renewal strategy that helps an organization stabilize operations, revitalize organizational resources and capabilities, and prepare to compete once again.

Grasp the distinctions between synchronous and asynchronous communication.

Understand practices for conducting effective meetings and videoconferences.

Recognize the impact of collaboration on organizational growth and employee acclimation.

Understand strategies to ensure the success of team efforts and document consistency.

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Definitions:

Ethical Culture

The collective practices, beliefs, and values within an organization that influence how ethical decisions are made.

Compliance

Adherence to laws, regulations, guidelines, and specifications relevant to an organization's business activities.

Exacting Organizational Culture

A corporate environment that demands high levels of performance and adherence to strict standards and procedures.

Corporate Culture

Refers to the shared values, beliefs, and practices that shape how a company's employees behave and interact with each other and with stakeholders.