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Hamel and Prahalad have developed a model that can help managers assess how and when they should expand beyond their current market or industry. They find that it is useful to view a company as a
Voluntary
Done, given, or acting of one's own free will without coercion or obligation.
Attachment
The point at which a creditor becomes the secured party that has a security interest in the collateral.
Secured Party
A lender or creditor who has an interest, typically a lien, in the collateral offered by the debtor in a secured transaction.
Collateral
Assets that a borrower offers to a lender to secure a loan, which the lender may seize in the event of loan default.
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