Argument for diversification of your business


Write down a four to five page paper in which you follow these formatting needs:

Make an argument for diversification of your business which will be presented to the board of directors or business investors. Make a strategy for diversification pointing out the products and industries for the diversification and how synergies might be gained from the diversified activity. Recognize and describe the foreign market that the company must enter and describe the strategy it must use to enter the market. Describe the challenges that company might face in the foreign market, and how it might respond strategically to minimize the impact of these challenges. Prepare a scenario when it would not make sense for the company to diversify or expand to a foreign market. Give support for your rationale. Evaluate how the company will make a business environment conducive to ethical behavior. Use at least four quality academic resources in this assignment.

Note: Wikipedia and other Websites don't meet the criteria as academic resources.

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