The History of Diversification Since the Mid-20^th Century Features Two

question 18

True/False

The history of diversification since the mid-20^th century features two periods: during 1950 to 1980,the trend was to diversify;since 1980,most large companies have refocused upon their core businesses.

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Definitions:

External Hires

External hires refer to individuals brought into an organization from outside to fill vacancies, as opposed to promoting current employees or filling positions through internal movements.

Diverse Teams

Groups composed of members from a wide range of backgrounds, including different races, genders, ages, or cultural backgrounds, which can lead to increased creativity and problem-solving.

Conflict Management Skills

The abilities required to effectively manage and resolve disagreements or disputes in a constructive manner.

Leadership Requirement

Essential skills or qualities needed by individuals to effectively guide, influence, or direct a group towards achieving a common goal.