Question

home / study / business / accounting / accounting questions and answers / The Best Strategy For A Company To Pursue Depends On The Pressures One Must Cope With: Pressures ... Question: The best strategy for a company to pursue depends on the pressures one must cope with: pressures ... The best strategy for a company to pursue depends on the pressures one must cope with: pressures for cost reductions or for local responsiveness. Please use these concepts to discuss how a company decides the best strategy to pursue when considering international expansion. Use this link to frame our discussion. https://www.ft.com/content/ec52e9d6-22ee-11e8-ae48-60d3531b7d11 This subject is Strategic Planning

Answer 1

Survival: Survival is a basic, implicit objective of most organizations.

While survival is an obvious objective, it gains more value and prominence duringthe initial stage of the establishment of the enterprise and during general economic adversity. The ability to survive is a function of the nature of ownership, nature of business competence of management, general and
industry conditions, financial strength of the enterprise and so on. Stability: Another important objective of business enterprises is stability. It is a cautious, conservative objective that is often employed when things are not
very conducive. It is a strategy of least resistance in a hostile external environment Growth: This is a promising and popular objective which is equated with dynamism, vigor, promise and success. Enterprise growth may take one or more of the forms like increase in assets, manufacturing facilities, increase in
sales volume and so on. Growth may take the enterprise along relatively unknown and risky paths, full of promises and pitfalls.Efficiency: Business enterprises seek efficiency in rationally choosing appropriate means to achieve their goals. In a sense, efficiency is an economic version of the technical objective of productivity – designing and achieving suitable input output ratios of funds, resources, facilities and
efforts. Efficiency is a very useful operational objective.