Question

Difference between growth strategy and stability strategy

Answer 1

Explanation:

A stability strategy refers to a strategy by a company where the company stops the expenditure on expansion, in other words it refers to situation where company do not venture into new markets or introduce new products

The Stability Strategy is adopted when the organization attempts to maintain its current position and focuses only on the incremental improvement by merely changing one or more of its business operations in the perspective of customer groups, customer functions and technology alternatives

Answer 2

Growth and Stability strategy

Explanation:

• The strategy that is adopted when an organisation wants to maintain its current position and focuses on the incremental improvement by changing its business operations  is called stability strategy.  

• Growth strategy is an action plan that allows the company to achieve more market share than it currently have. It is mostly focused on the short-term earnings. It can also be long term.

• Market penetration, expansion, product diversification, acquisition and diversification are some common growth strategies.

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