Here are some grand strategies companies could pursue:
A) Concentrated growth - Focus resources on core businesses and markets to gain market share and economies of scale.
B) Market development - Enter new geographic or demographic markets with existing products.
C) Product development - Develop new products and services for existing markets.
D) Diversification - Enter new businesses that are unrelated to the core. Can be conglomerate or related diversification.
E) Alliance/joint ventures - Form strategic partnerships or alliances to enter new markets or technologies.
F) Retrenchment - Reduce costs, divest non-core businesses, and focus on most profitable areas. May involve downsizing.
G