Unrelated Diversification May Be an Especially Effective Strategy When an Organization's

question 2

True/False

Unrelated diversification may be an especially effective strategy when an organization's basic industry is experiencing increasing annual sales and profits.

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Definitions:

Balanced Scorecards

A strategic planning and management system used by organizations to communicate what they are trying to accomplish and to measure and align the performance of their employees.

Profit Sharing Plans

A corporate incentive program where employees receive a portion of the company's profits in addition to their regular salary.

Highly Interdependent

Refers to entities or processes that are closely linked and significantly affect or rely on each other.

Performance-based Reward

A compensation or recognition system where rewards are given based on the evaluation of an individual's performance, usually intended to incentive higher levels of output or quality.