What are the advantages and disadvantages for an individual who accepts a job as a human resource manager in a firm that is in the midst of a retrenchment corporate strategy?
What are the advantages and disadvantages for an individual who accepts a job as a human resource manager in a firm that is in the midst of a retrenchment corporate strategy?
The organization adopts a strategy that is used to reduce the diversity or one or more business operations to cut costs and become a more financially stable organization which is called a retrenchment corporate strategy. When an organization eliminates its activities or reduces its business operations in customer and technologies' perspectives, individually or collectively is called a corporate retrenchment strategy. A business organization can use three types of retrenchment strategies to either restructure or discontinue its business operations to stabilize its financial position, such as turnaround, divestment, and liquidation.
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