Question

When a company seeks to maintain the current skills that exist in the organization by providing training that keeps those skills sharp among organizational members, it engages in a(n) ______ strategy.

Answer 1

When a company seeks to maintain the current skills that exist in the organization by providing training that keeps those skills sharp among organizational members, it engages in a(n) concentration strategy.

This is further explained below.

What is concentration strategy?

Generally, Attempting to compete effectively inside a single industry is what's meant by the term "concentration strategy."

Growing one's share in an industry may be accomplished in three different ways: via market penetration, market development, and product creation.

In conclusion, A corporation is said to be engaging in a concentration strategy when it aims to preserve the presentation skills that exist in the organization by offering training that maintains those skills sharp among organizational members.

This kind of training is provided to members of the organization.

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