Question

1. business strategies set the direction for a single business unit. what levels of management typicalky devise business strategies?

2. retrenchment strategies reduce the scale of oprations in order to gain efficency and improve performance. what are the three most common types of retrenchment strategies?

3. what essential value for decidion making is a manager demonstating when she is around to eccept praise as well as complaints and criticism?

Answer 1

CT to use Stategy is the head of business and allows our business aboul to others to become successful I strated Capocale I Businesss functional SI In management, there all varying levels of conteal: strategic (high- -est level), operational Cruid level), tactical (low level) All the there types of conted are done by different type of managers usually expects in that field of - 2 These types of retrenchment strategies are given as below: (a) Tunaround strategies in eversing a negative feud in which pactos like negative cash flows, profits, declining market share au looked into CS Scanned with CamScanner

out Strategies : involves sale a liquidation of a paction of business in ader to rehabilitate/ restructive plau I usually adopted after tunaround has been attempted but foved unsuccessful (6.) liquidation Strategies involves closing down a firme selling its assets - last gat & leads to serious consequences for business, employees etc. values to be demonstrated during accepting pealse i → Commitment to growth of company - → Self coufidence 9 > Hand work and conscientiousness. Values to be demonstrated during criticism : → Emotional intelligence → Optimism & Ethusiasm for future → Constructive uiticism ľ leaning from mistakes done. - Responsibility & commitment for better work in Scanned futru . CamScanner