Explain backward integration
Explain the term backward integration?
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Whenever the company or the firm attain or develop other firm that offers the raw material component parts or the other input for original firm, it is known as backward integration.
Explain the term strategic management?
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What are the value match-ups of LVMH's diversification into luxury goods? What are the opportunities for skills transfer, cost sharing, brand sharing?
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Explain the term strategic myopia?
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What are the value chain match-ups of LVMH's Diversification case study?? What are the opportunities for skills transfer, cost sharing or brand sharing?
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What action can be taken to make planning effective?
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