Diversification strategies for managing group of businesses

Question

Introduce about diversification strategies for Managing a Group of Businesses?

Answer 1

Introduction:

In most diversified companies, corporate level executives delegate substantial strategy-making authority to the leaders of each business, usually giving them the freedom to craft a business strategy suited to their exacting industry and competitive conditions and holding them accountable for generating good outcomes. However, the job of crafting a diversified company’s corporate or overall strategy falls directly on the shoulders of top-level business executives.