Concept information
Preferred term
contraction strategy
Definition
- Contraction strategies decrease the size or scope of operations for an organization either at the corporate level or business level. Contraction strategies include divestiture, liquidation, harvesting, and retrenchment. [Source: Encyclopedia of Health Care Management; Contraction Strategy]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/contraction_strategy
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