A pharmaceutical giant acquires a manufacturer of rare specialty drugs to improve its falling share prices and invests all its wealth into the deal. Due to a deficit, it agrees to do a joint venture for the acquisition and involves a major automobile giant to fund the deal. After a rocky start, the companies now have a strong market position and generate good profits. How would you characterize this company's strategy

a winning strategy

Explanation:

Based on the scenario being described within the question it can be said that the different actions taken by the pharmaceutical giant can be considered as a winning strategy. This refers to a laid out and detailed plan for achieving success in the current specific situation that the company is in. Which is exactly what has led to the pharmaceutical giant making those decisions in order to recover and grow.

Winning strategy

Explanation:

Many companies like this pharmaceutical company struggle in their business to develop a good competitive strategy which are making them to see fall on there shares, it good to set a clear direction for employees and managers. Strategy formulation is very important, just like when the pharmaceutical company saw that it shares were falling down, they adopted a new strategy which is the "winning strategy" by acquiring a rare specialty drugs and investing all it wealth and also agreed to a joint venture which later have strong market position and generated good profit after rocky start, almost poses as many challenges for business leaders as strategy implementation.