These strategies commonly evolve after a company has exited the growth strategy planning process. Corporate strategy is not the sum total of business strategies of the corporation but it deals with different subject matter. Governments pass legislation, which impacts the relationship between the firm and its First, the business generates revenue to meet operating costs and maintain itself as a growing concern. Combination Strategy is designed to mix growth, retrenchment, and stability strategies and apply them across a corporations business units. Managers also may opt for a stability strategy on a temporary basis, as they build resources toward the next expansion project. 3. 4. 3. Examples of this strategy include continuing to serve the same clients by offering the same product or service, maintaining market share, and sustaining the organization's current business operations. The three generic strategies can be used in combination; they can be sequenced, for instance growth followed by stability, or pursued simultaneously in different parts of the business unit. Political factors affecting a business range from bureaucracy, trade control and corruption level to government stability, regulation and deregulation. Chapter V: TYPES OF STRATEGY ... growth, stability and retrenchment ... Business Strategy can be In other words, the strategy followed, when a firm decides to eliminate its activities through a considerable reduction in its business operations, in the perspective of customer groups, customer functions and technology alternatives, either individually or collectively is called as Retrenchment Strategy. 3. Stability strategy is most likely to be pursued by small businesses or firms in a mature stage of development. What are competitive and cooperative strategies? Stability strategies sometimes occur after a long period of growth. 3. Stability strategies involve various ways of maintaining the size and organization of the business at its current level. Simply, the decision of not doing anything new and continuing with the existing business operations and the practices referred to as a no-change strategy. The No-Change Strategy, as the name itself suggests, is the stability strategy followed when an organization aims at maintaining the present business definition. 4. What are the pros and cons of these strategies? What are stability strategies in business? For example, chemical processes tend to be improved along technology corridors; and therefore, licensing and cross licensing are well-established practices in chemical and pharmaceutical industries. It often depends on the goals and ambitions of the owner/operator. What are competitive and cooperative strategies? Governments view business organizations as a critical vehicle for social reform. For this essay, you will conduct research on corporate strategies and the affect they have on the decision process. I have good news and bad news about the information industry, both in the same statement: For decades, industry growth has been Businesses are established to make money. business strategy because of the following reasons: The stability of a political system can affect the appeal of a particular local market. Business owners use stability strategies to outline a corporate plan for maintaining a certain level of business operations. A stability strategy refers to a strategy by a company where the company stops the expenditure on expansion, in other words it refers to situation where company do not venture into new markets or introduce new products.