MGT603 - Strategic Management
Question Title :
Question Description :
Panoga Pvt.Ltd. became the first company to achieve its first one million broadband customers. It has always been at the forefront in driving technological revolution to deliver innovative products and services that improve the digital lives of its customers. The Management of Panoga Pvt.Ltd. has been facing a decline in profits since 9 months. According to company’s internal audit report, the management has categorized 11,000 employees as “redundant” whose skills are no longer needed since they operate “outdated” technology. Such workers constitute 21 per cent of the company’s overall strength. Now management has decided to hire consultants to devise an effective strategy for implementing the retrenchment plan.
As management consultant you are required to guide the management of Panoga Pvt.Ltd. in the following areas:
Defensive strategies are only used by market leaders in strategic management. If your small-business has reached a market-leading position, you may need to use such strategies. The goal of these strategies is to hold onto your position as the market leader, fighting off competitors who try to take away your market share. Because firms tend to target market leaders, this will not be an easy task, but fortunately you have multiple strategies to choose from.
A strategy used by corporations to reduce the diversity or the overall size of the operations of the company. This strategy is often used in order to cut expenses with the goal of becoming a more financial stable business. Typically the strategy involves withdrawing from certain markets or the discontinuation of selling certain products or service in order to make a beneficial turnaround.
i think the best strategy is
what u say all memberz about this strategy???
+★★άñίqά ғάţίмά★★ sis retrenchment already selected by VU management
Now management has decided to hire consultants to devise an effective strategy for implementing the retrenchment plan.
thanks u + kiʀɑɳ
yes, its right
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The management has categorized 11,000 employees as “redundant” whose skills are no longer needed since they operate “outdated” technology.
the main issue show above.
so that company decline profit.
Such workers constitute 21 per cent of the company’s overall strength.