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Nuveh Fonua
on Nov 06, 2024

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Which of the following statements is true of a stability strategy?

A) It mostly involves terminations and layoffs.
B) It shields an organization from the need to augment its labor force.
C) It may be the easiest for a human resource manager to implement.
D) It may indicate growing sales, increasing demand, and expanding operations for an organization.

Stability Strategy

This is a business approach where an organization focuses on maintaining its current status and steady growth without significant changes or expansion attempts.

Terminations

The act of ending the employment of an employee or the conclusion of an employment contract for various reasons, such as performance issues or downsizing.

Human Resource Manager

A professional responsible for overseeing the recruitment, training, and welfare of an organization's employees.

  • Distinguish between different strategic approaches in business, including stability, reduction, diversification, and growth, and understand their impact on workforce management.
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MW
Marley WinsteadNov 07, 2024
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