Examlex
Briefly describe the meaning of Hirschman's (1970) notion of "exit, voice, and loyalty."
Diversification
A strategy that involves entering into new markets or industries or creating new products to spread and reduce risks.
New
Recently developed, created, or having started to exist not long ago.
Different Business Areas
Various sectors or segments within the broader business landscape, each with its own specific focus and expertise.
Related Diversification
A strategy where a company expands its operations into areas that are similar to its current lines of business to exploit shared operations or knowledge.
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