HR Generalist Question: Download Questions PDF
Explain me what Do You Mean By An Organization’s Retrenchment And Retrenchment Strategies?
Answer:
Retrenchment is a corporate-level strategy that seeks to reduce the size or diversity of an organization's operations. Retrenchment is also a reduction of expenditures in order to become financially stable. Retrenchment is a pullback or a withdrawal from offering some current products or serving some markets. Retrenchment is often a strategy employed prior to or as part of a Turnaround strategy.
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