Examlex
Define and give examples of the two diversification strategies.
Organizational Efforts
The activities and endeavors undertaken by an organization in pursuit of its objectives, often involving strategy and resource allocation.
Rational Decision-Making Model
A structured or systematic process of making decisions that follows a logical series of steps, from problem identification to selecting the best alternative based on rational criteria.
Escalation Of Commitment
The tendency to invest additional resources in an apparently failing course of action.
Groups
Collections of individuals who interact with one another, share similar characteristics, and collectively have a sense of unity or identity.
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