Homework
In this homework, you will review the approaches for diversifying the business lineup and whether they pass the three tests of corporate advantage.
• Pick a company and name the company as you write about it, which type of diversification would you choose and why (related or unrelated)?
• Which business approach of diversifying would you choose (acquisition, internal startup, or joint ventures with other companies), and why?
• How does your selected approach of related or unrelated diversification pass the three tests of corporate advantage (p. 225)?
Textbook: Thompson, A. A. (2021). Crafting & Executing Strategy: The Quest for Competitive Advantage: Concepts and Cases (23rd Edition). McGraw-Hill Higher Education (US).
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, and typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.