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

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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.

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