A Diversification Strategy Can Be Risky When a Firm Is

question 65

True/False

A diversification strategy can be risky when a firm is entering unfamiliar markets.

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Definitions:

Process Re-Engineering

The fundamental rethink and radical redesign of business processes to achieve dramatic improvements in critical performance measures.

Process Re-Engineering

The fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical measures of performance such as cost, service, and speed.

Systems Bottlenecks

refer to points of congestion in a system where the flow of processes is impaired, causing delays and inefficiencies.

Productivity

A measure of how efficiently outputs (goods and services) are produced from inputs (labor, capital, materials).