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Holding a weak competitive position may cause a company to purse a retrenchment strategy. In the...

Holding a weak competitive position may cause a company to purse a retrenchment strategy. In the case of Panera would you recommend they pursue a retrenchment strategy in any of their product lines? Why or why not.
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Answer #1

Recently we have observed many of the stores of Panera are being shut, and it is operating only at such locations where it is beneficial for them to operate so. This is because Panera didn't follow certain strategies to keep the company in line with the dynamic external environment. Competitive strategy stands the most important in such environmental strategies.

We can observe that, because of many new entrants into the industry it became difficult for it to survive. So this might also be a important reason.

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