Explain about the Diversification Strategies

Question

Explain about the Diversification Strategies.

Answer 1

This section moves up one stage in the strategy-building hierarchy, from strategy building in a single business enterprise to strategy building in a diversified enterprise. This section starts with an explanation of the various ways through which a company can become diversified and gives a description of how a company can use diversification to generate or compound competitive benefit for its business units. This section also determines the procedures and techniques for assessing the strategic attractiveness of a diversified company’s business portfolio and surveys the strategic choices open to already-diversified organizations.