What type of strategy could be best when an organization has excess production capacity?

When an organization has excess production capacity, a best strategy could be to explore market diversification by targeting new customer segments or geographical areas to increase demand for its products. Additionally, implementing cost-reduction initiatives or promotional campaigns can help boost sales and optimize resource utilization. Collaborating with other businesses for joint ventures or partnerships can also leverage the excess capacity effectively. Finally, considering temporary adjustments such as offering discounts or bundling products may stimulate demand in the short term.