Stability-Based Strategy

The video discusses stability-based strategies as a type of organizational level strategy aimed at maintaining a stable environment for operations. It highlights the importance of continuing current operations when conditions are favorable, maximizing profits for flexibility, and employing cautionary measures to manage risks. These strategies help organizations achieve their mission and vision while being perceived positively by stakeholders.

What is the primary goal of an organizational level strategy?

• To develop new products

• To manage day-to-day operations

• To increase employee satisfaction

• To influence the market and stakeholders

What does a stability strategy aim to achieve?

• Complete market dominance

• Frequent changes in business processes

• Rapid expansion

• Stable and dependable operations

How can an organization maximize profits as part of a stability strategy?

• By reducing product quality

• By cutting costs and increasing profit margins

• By expanding into new markets

• By increasing employee salaries

What is a key focus of the cautionary approach in stability strategies?

• Increasing market share

• Identifying and mitigating risks

• Developing new technologies

• Enhancing customer service

Which of the following is a method to reduce dependency on third parties?

• Increasing marketing efforts

• Acquiring assets and resources

• Hiring more employees

• Outsourcing production