Using a Grand Strategy Matrix approach, what strategies are recommended for a firm that is a weak competitor in a slow-growing market? Elaborate on what these strategies could mean for a college or university
What will be an ideal response?
A firm that is a weak competitor in a slow-growing market would be located in Quadrant III. These firms must make some drastic changes quickly to avoid further decline and possible liquidation. Extensive cost and asset reduction (retrenchment) should be pursued first. An alternative strategy is to shift resources away from the current business into different areas (diversify). If all else fails, the final options for Quadrant III businesses are divestiture or liquidation. Students should mention that the college or university could possibly have to be closed. Faculty and/or staff might have to be greatly reduced, which could lead to unhappy students in very large classes.
You might also like to view...
Under the Securities Act of 1933, which of the following acts by an accountant may subject the accountant to criminal penalties?
A. Negligently making a false entry in financial statements included in a registration statement. B. Giving an unmodified opinion on negligently prepared financial statements in an audit report included in a registration statement. C. Willfully including materially misstated financial statements in a registration statement. D. Failing to use due diligence in the preparation of financial statements included in a registration statement.
The phenomenon of ________ includes consumers creating their own ads and buying and selling products on eBay
A) production orientation B) the triple bottom line orientation C) consumer-generated value D) socially responsible marketing E) the marketing concept