Strategic options for small defense companies-1990s

摘要

The decline of the overall defense budget has already caused significant reduction in business for almost all defense companies. Furthermore, by almost anyone's forecast, there will be further significant declines over the next several years, leading to even a smaller market for industry. Small defense companies are faced with tough choices. One obvious question is "What are the risks of pursuing a different strategy?" In today's defense market environment, the more appropriate question is "What are the risks of not pursuing a different strategy?.