Marketing: Questions Occasionally, When Examining Marketplace Considerations, Essay

Open, View, and/or
Download this Document

Total Length: 572 words ( 2 double-spaced pages)

Total Sources: 1

Page 1 of 2

Marketing: Questions

Occasionally, when examining marketplace considerations, an organization might establish strategies for consolidation. Name the 4 ways to accomplish this objective, and give an example.

Strategies for consolidation, in basic terms, seek to enhance a firm's ability to manage that which it is undertaking at a specified time. In that regard, therefore, such strategies come in handy in protecting a firm's status in the marketplace, via non-growth means. The most common strategies for consolidation, according to Berkowitz (2010) include divestment, pruning, retrenchment, and harvesting.

Divestment in the words of Berkowitz (2010, p. 60) has got to do with "selling off a business or product line." As the author further points out, this particular strategy is in most cases utilized "when an organization believes that there is a weak fit between its major core business and a particular product line" (Berkowitz, 2010, p. 60). For instance, a firm that attributes its problems to a certain division's poor performance could make use the divestment strategy.

Stuck Writing Your "Marketing: Questions Occasionally, When Examining Marketplace Considerations," Essay?

View All Our Example Marketing: Questions Occasionally, When Examining Marketplace Considerations, Essay

Have A Custom Example Essay Written



The next consolidation strategy is pruning. In this case, an entity lessens the products it serves to a target market. As Berkowitz (2010) points out, in this case, the firm does not exit the market totally; instead, it lessens the set of products it offers to the marketplace. A good example of active utilization of this strategy is when a firm considers a market segment very costly or to small to justify continued service.

Third, there is the retrenchment strategy in which case, as Berkowitz (2010, p. 60) points out, "a company decides to withdraw from certain markets." Here, a firm could seek to reduce the commitment it has to a certain range of existing products or services by exiting markets considered….....

Show More ⇣

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Marketing Questions Occasionally When Examining Marketplace Considerations " (2014, June 07) Retrieved May 21, 2025, from
https://www.aceyourpaper.com/essays/marketing-questions-occasionally-examining-189725

Latest MLA Format (8th edition)

Copy Reference
"Marketing Questions Occasionally When Examining Marketplace Considerations " 07 June 2014. Web.21 May. 2025. <
https://www.aceyourpaper.com/essays/marketing-questions-occasionally-examining-189725>

Latest Chicago Format (16th edition)

Copy Reference
"Marketing Questions Occasionally When Examining Marketplace Considerations ", 07 June 2014, Accessed.21 May. 2025,
https://www.aceyourpaper.com/essays/marketing-questions-occasionally-examining-189725
   

Open, View, and/or
Download this Document
order custom essay example