Do any of the two activities: Complete the word represented by letters R & L.

There is
corresponding activity below R & L labeled "with ACTIVITY." Choose one of the labeled "with
ACTIVITY" and do the requirements. INDIVIDUAL

● R__________________

–Regroups through cost and asset reduction to reverse declining sales and profits.

–Reduce the workforce to stay in the game.

–also called a turnaround or reorganizational strategy

–designed to fortify an organization’s basic distinctive competence

With ACTIVITY:

1. Actual instance in the Philippines (either an article or a video, just copy and paste the URL
link, no need to make any comments or discussions)

2. WHAT was the situation? (one compound sentence discussion base on No. 1)

3. HOW was it happened? (one compound sentence discussion base on No. 1)

● L_________________

–selling all of a company’s assets, in parts, for their tangible worth

–can be an emotionally difficult strategy

With ACTIVITY:

1. Actual instance in the Philippines (either an article or a video, just copy and paste the URL
link, no need to make any comments or discussions)

2. WHAT was the situation? (one compound sentence discussion base on No. 1)

3. HOW was it happened? (one compound sentence discussion base on No. 1)

ANSWER:

Defensive Strategy: Retrenchment

Description: Retrenchment is a tactic used by businesses to save expenses and boost productivity
in an effort to reverse declining sales and earnings. This plan can entail laying off employees,
closing down unproductive locations, or selling off assets.

Actual instance in the Philippines:

● Article: Philippine Airlines Retrenches 2,300 Employees to Cut Costs

○ https://www.gmanetwork.com/news/money/companies/774439/philippine-
airlines-to-lay-off-2-300-employees-as-part-of-covid-19-recovery-plan/story/

WHAT was the situation?

- Due to a variety of circumstances, including the COVID-19 epidemic, high fuel prices,
and competition from other carriers, Philippine carriers (PAL) was experiencing
diminishing sales and earnings.

HOW was it happened?

- PAL stated in 2021 that it will be laying off 2,300 workers in order to cut expenses and
boost productivity. This was the biggest layoff in the history of the company.

Analysis:

- An illustration of a retrenchment strategy is PAL's choice to lay off workers. By cutting

costs, the corporation hopes to boost its financial performance. Retrenchment, however,
can be a tough and painful choice because it can have a big impact on the workers and
their families.
- Retrenchment may not always be the best course of action for a business that is having
financial difficulties, it is vital to remember this. Other protective measures that
businesses can take include product diversification and market expansion. Retrenchment,
however, may be a crucial move for businesses that are struggling to survive.