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Widget Corp

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Widget Corp. is often known for its motto "Don't put all your eggs in one basket." Over the course of the past 15 years, the company has acquired a wide array of firms, which operate in different markets that are not associated with each other. In the context of corporate strategies, it is evident that Widget Corp. has adopted a(n) _____.


Definitions:

External Validity

Extent to which a study’s results can be generalized to phenomena in real life.

Generalized

A term often used in medical or psychological contexts to describe conditions, symptoms, or effects that are widespread or not limited to a specific body part or area of concern.

Real-life Phenomena

Events, situations, or experiences that occur in the natural world, as opposed to those created or simulated in controlled environments.

Epidemiology

Study of the frequency and distribution of a disorder, or a group of disorders, in a population.

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