Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Which business strategy is very common, to implement in decline stage of any business?

user-image
Question added by Hakeemuddin Ahmed , Marketing & Sales Manager , Blooms Realtors Pvt. Ltd
Date Posted: 2013/10/08
Noor Bayezeed
by Noor Bayezeed , Managing Director , RU Group (Multi-diversified International Group)

Study SWOT and look for alternatives and Cost Control measures & Effectiveness. Close the non profitable & non-productive departments immediately. 

 

Study the reasons for declining, product life Cycle, innovative products available in market, Pricing Structure & After sales services, competitors Analysis before deciding & implementing Strategy.

More Questions Like This