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Management · Q259

Strategic Management

Graduate and Post Graduate · Management · question 259

Q259

When a company is experiencing an economic recession this is a good time to do what?

A.
Reduce costs and assets
B.
Refocus
Answer
C.
Simplify
D.
Invest

Answer: Option B

Solution

Answer: Option B
Solution:
When a company is experiencing an economic recession this is a good time to refocus. The ReFocus Group assists organizations to develop and implement dynamic strategic plans that are valuable to the organization, helping to define its culture, focus its long-term vision, and identify short-term actions steps that motivate proaction.