What aspect does a defensive strategy typically lack?

A defensive strategy is primarily concerned with protecting a company's existing market share, minimizing risks, and responding to competitive threats. This approach often emphasizes regulatory compliance and adherence to laws, as businesses need to ensure that their operations are in line with legal standards to avoid penalties and maintain their license to operate. Consequently, the focus of a defensive strategy is more about safeguarding the company's current position rather than pursuing new initiatives or broader community engagement.

While social responsibility initiatives may benefit a company in the long term through enhanced reputation and community relations, they do not typically align with the immediate objectives of a defensive strategy, which is more reactive than proactive. Therefore, the lack of dedication to social responsibility initiatives distinguishes a defensive strategy as it prioritizes risk management and compliance over broader, long-term commitments to societal concerns.