In 200 words discuss how you would handle a retrenchment strategy for a firm.
Expert Answer
Retrenchment strategy usually involves efforts to ensure that costs are minimized, higher profits are achieved, some non-productive processes are shut down and in this process some jobs are also lost. The number of employees working with the organization decreases.
Three very important aspects of a retrenchment strategy are:
Dissolving
Turnaround
Investment in some other product
This can be handed in a number of ways. I would ensure that minimum jobs are lost so that minimum reluctance is achieved; I will move the employees to some other process or
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