Explain the Different Types of Growth Strategies That Can Be

question 80

Essay

Explain the different types of growth strategies that can be used by a strategic business unit.

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Definitions:

Exclusive Jurisdiction

A legal term indicating that only one particular court or legal authority has the power to hear and decide a specific type of case.

Concurrent Jurisdiction

A situation where two or more courts have the same authority to preside over a given legal case.

In Rem Jurisdiction

The power of a court over the property or status of an out-of-state defendant when that property or status is within the court’s jurisdiction area.

In Personam Jurisdiction

The power of a court to require a party (usually the defendant) or a witness to come before the court. The court must have personal jurisdiction to enforce its judgments or orders against a party. In personam jurisdiction extends only to the state’s borders in the state court system and across the court’s geographic district in the federal system.