Strategic options to boil down wide categories of actions
What are the strategic options to boil down categories of actions?
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The conclusions and diagnosis flowing from the five foregoing analytical phases set the plan for crafting strategic moves to progress a diversified company’s overall performance. The strategic choices boil down to five wide categories of actions:
i. Attaching intimately with the existing business schedule and pursuing the opportunities it presents.
ii. Broadening the company’s diversification foundation by building new acquisitions in new industries.
iii. Striping convinced businesses and economizing to a narrower diversification base.
iv. Reorganizing the company’s business lineup and putting a complete new face on the company’s business structure.
v. Pursuing multi-national diversification and striving to globalize the operations of many of the company’s business units.
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