This document discusses various corporate level retrenchment strategies including retrenchment, turnaround, divestment, and liquidation strategies. It provides examples of companies that have used each strategy. Retrenchment involves contracting activities through reducing or eliminating business units. Turnaround aims to reverse negative trends through internal changes or replacing management. Divestment is the sale of non-core business units. Liquidation is the most extreme option, closing the entire firm and selling off assets. Examples mentioned include GM reducing car models and Xerox implementing a turnaround program through cost cuts.