Other strategies
These may include
•Diversify – extending the operation into new and profitable markets.
•Go international – expand the operations into another country or countries.
•Grow by acquisition.
•Form a joint venture – to pool resources.
•Liquidate – by terminating an unprofitable product line or even dissolving the company.
•Retrench – by curtailing operations, spinning off profit centre and SBUs, permanently or
temporarily.