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Chapter 5: Strategic Choice (Government Reform Strategy (1. Measuring…

- - - - designed to fortify the organization's basic distinctive competence
        
        occurs when an organization regroups through cost and asset reduction to reverse declining sales and profit
        
        bankruptcy as effective retrenchment strategy for private sector
        
        closure departments, change of portfolio, reduction of supply of services
    - - Selling a division/ part of an organization
        
        used to raise capital for further strategic acquisition/ investments
        
        the firm tries to focus on core strengths, lessening level of diversification
    - - Selling all of company's assets for tangible growth
        
        As recognition of defeat and consequently can be an emotionally difficult strategy