There are four key approaches to corporate strategies are growth, stability,retrenchment, and a combination of these known as a turnaround strategy.select one of these four approaches and find a global company that uses this strategy. Explain how it applies to this strategy and if is this right corporate strategy for the firm in your opinion. Give me the answer with proper citation or references and give answer in almost five hundred Words. Please provide in five hundred words with citation and reference. Instructions:- must use the exact terminology, not something that sounds like it might be similar from the internet. Do not invent your own idea of a corporate strategy. must find a global company that is actively using this specific strategy. You need to name the company and name the strategy. Actively using it means that it is taking actions in 2023 related to this strategy. must explain how this company is applying this strategy. Please DO NOT provide a general description of the strategy. need to be summarizing the actions the company is taking, and show that these actions are all part of this specific strategy. Do not just list a bunch of actions the company is taking - stay on topic with the actions associated with your specific strategy. If you suggest the company is taking a "growth strategy", don't talk about its cost-cutting. If you suggest the company is taking a "retrenchment strategy", don't talk about how it's expanding its products. Stay on topic. must also explain if Is this the right corporate strategy for the firm AND WHY. This is about your personal opinion. Do not simply indicate that the company thinks it is a good plan. Explain why is this right or wrong strategy. Stick to five hundred wordsmaximum excluding any references. Please do not include/paste any copied material into your responses