myz-vgb.ru A Business Encyclopedia

No-Change Strategy

Definition: The No-Change Strategy, as the name itself suggests, is the stability strategy followed when an organization aims at maintaining the present business definition. Simply, the decision of not doing anything new and continuing with the existing business operations and the practices referred to as a no-change strategy.

When the environment seems to be stable, i.e. no threats from the competitors, no economic disturbances, no change in the strengths and weaknesses, a firm may decide to continue with its present position. Therefore, by analyzing both the internal and external environments, a firm may decide to continue with its present strategy.

The no-change strategy does not imply that no decision has been taken by the firm, however, taking no decision can sometimes be a decision itself. There should be a clear distinction between the firms which are inactive and do not want to make changes in their strategies and the ones which consciously decides to continue with their present business definition by scrutinizing both the internal and external conditions.

Generally, the small or mid-sized firms catering to the needs of a niche market, which is limited in scope, rely on the no-change strategy. This stability strategy is suitable till no new threats emerge in the market, and the firm feels the need to alter its present position.

Leave a Reply

Your email address will not be published. Required fields are marked *

Shares

Related pages


define transactional analysisuses of elasticity in economicstransactional analysis in organizational behavioursnowballing sampling techniquewhat is deontological ethics definitionneft amount limitmeaning of imperfect competitionresidual dividend policy definitiondiscounting and rediscounting of billsindifference in economicspsychoanalytic definitiondefinition of delphiexample of divestiture strategyoutflank definitiondifferentiated oligopolyretailing definedefinition of demand scheduledelegated powers meaningmeaning of formal organisationpavlov and classical conditioningmeaning of demand pull inflationletter of credit investopediawhat does the word cessation meandefine laissez-fairemeaning of monopolistic marketwhat is meaning of neftdelegating authority and responsibilitysampling unit in researchexample of semantic differential scalewhat is autocratic modelwhat is the definition of oligopolysituational variables definitionkisan patraerg definitionsbu swhat does epf meandefine utilwhat does geocentric meanprofitable indexindustrial relation in hrsemantic differential questionnairemm dividend theorydefinition of purchasing power paritybasic ethical theoriesscope of manpower planningdefinition sole proprietorkinked graphmichael porter five forcesdefine classicallyvroom's expectancy modeladministrative management theory by henri fayoladvantages of tall organizational structuremicrofinance meaning in hindioutlay cost definitionemployee provident fund organizationwindow of joharitotal utility economicsmeaning of hampering in hindirepo rate and reverse repo rate meaningleveraged funds meaningbank debenture definitioncrr financemonopolistic marketmultistage cluster random samplingdefinitions of hrmmeaning of semi variable costbases for segmentationrevitalize meanswhat is delphi method of demand forecastingcalculate acid test ratiodefinition of systematic sampling in statisticsdonkey carrot stickclassical theory scientific managementdefinition of variatesnowball sampling in researchdividends defwhat is an autocratic leadershipmeaning of timingsdefine collusive oligopolymeaning of pure competition