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Strategy is defined as a plan shaped and designed specifically to attain the objectives of an organisation. Every firm and organisation has some objectives; strategies provide us with an effective design to achieve that objective. Strategies can be of various natures such as- dynamic, complex, futuristic, interpretative, etc.Types of Strategies Assignment Help provide detailed description about various topics related to it.
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We use best scientific approach to solve strategic management Assignment as recommended and designed by best professors and experts in the World. The approach followed by our experts are given below:
The first step in solving any strategic assignment is to define its problem carefully. In order to do this step, our experts read the case two three times so as to define problem carefully and accurately. This step acts as a base and help in building the structure in next steps.
The second step is to define structure to write the assignment. Different assignments has different requirements and so as the structure. Our experts understand this and follow student;s university guidelines to come out with best structure so that student will receive best mark for the same.
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This is the most important step which actually defines the strength of any assignment. In order to provide best analysis, our experts not only refer case materials but also outside materials if required to come out with best analysis for the case.
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Different Types of Strategies
The different types of strategies explained in Types of Strategies Assignment Help are
• Stability Strategy – Stability strategy refers to a strategy adopted by an organisation when its environment is stable. Here the organisation tries to maintain its current position and focuses on improvement by changing one or more business perspective. It can be further divided into three types- No-change strategy, profit strategy and pause/proceed-with caution strategy. No-change strategy is adopted when an organisation aims at maintaining the present business status. Profit strategy is adopted when an organisation aims at maintaining the profit. In Pause/Proceed-with caution strategy, the management waits and looks for the market conditions. It can be studied with the help of examples in Types of Strategies Assignment Help.
• Growth Strategy – Growth refers to the expansion of operations and functions of an organisation. Growth strategy refers to a strategy adopted by anorganisation when the environment is not stable. Here the management is not satisfied with its current position and growth strategy will be helpful in diversification. It can be categorised into two types- Organic growth and inorganic growth. In Inorganic Growth, two businesses merge to form one company. In Organic Growth, the company works to increase their business, number of customers and overall revenue. Organic growth is made up of market development, market penetration, diversification and product development.
• Retreat Strategy – Retreat Strategy is also known as retrenchment strategy. It is a type of strategy adopted by an organisation when it aims at reducing one or more business operations in order to cut expenses and maintain a stable financial environment. Retrenchment strategy is further classified into three types given in Types of Strategies Assignment Help– Turnaround, divestment and liquidation. Turnaround strategy can be followed in different ways; it is adopted by an organisation to undone the changes made earlier in order to prevent the damages. Divestment is the opposite of investment. Liquidation is an unpleasant strategy adopted by an organisation that involves closing down of firm and selling its assets.
• Combination Strategy – Combination strategy is a combination of all the three strategies (stability, growth and retreat). It is a type of strategy adopted by large firms to improve their efficiency. Multiple strategies are followed by multi-business companies.
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