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Can a firm succeed over the long term with a stability strategy? Does every firm need to grow—sooner or later—...

Can a firm succeed over the long term with a stability strategy? Does every firm need to grow—sooner or later—to maintain success? Explain.

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Firm can suceed over long term with a stability strategy by keeping pace with changing environment, minimizing competitive disadvantage, motivating employees, clearly mission and vision of company over long run, strengthening the decision making management and understanding the internal and external business environment.

Firms can attain success in long run and short run both depending on their goals, vision and objectives and functioning of the management.

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