What is Retrenchment Strategy? Definition, Types, Adopting Reasons, & Pros/Cons
What is Retrenchment Strategy? A retrenchment strategy can be defined as the process to retrench weak business units with the aim to maintain a stable financial position. Retrenchment here refers to cutting down or reducing. Firms retrench products or services that are no longer profitable as they increase only expenses. Retrenching also goes for employees … Read more