Question

When an entrepreneur selects to follow stability strategies?

Answer 1

Answer:

This is your answer,

There are four basic growth strategies you can employ to expand your business: market penetration, product development, market expansion and diversification.

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Answer 2

Answer:

STABILITY is what the entrepreneur is looking for in the beginning as stability strategy is less risky, easier and comfortable, unconsciously pursued, defensive and satisfactory and also enhances functional efficiencies.

A firm is said to follow stability / consolidation strategy if :

(a) It decides to the same markets with the same products.

(b) It continues to pursue same objectives.

(c) It concentrates its resources in a narrow product -market sphere for developing a meaningful competitive advantage.

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