Which Strategy Might Be the Most Likely When Management Realizes

question 85

Multiple Choice

Which strategy might be the most likely when management realizes that the current industry is unattractive and that the firm lacks outstanding skills that it could easily transfer to related products or services in other industries?

• A) concentration
• B) horizontal growth
• C) concentric diversification
• D) vertical growth
• E) conglomerate diversification

---

Definitions:

Family Roots

This refers to the origins and background of a family, including its history, culture, and lineage.

Location

The physical place where a business is situated, which can significantly impact its success due to factors like customer access and operational costs.

Entrepreneurial Process

The series of stages and steps taken by entrepreneurs to conceive, launch, and grow a new business, involving idea generation, planning, and execution.

Driving Forces

Key factors or influences that propel or motivate actions, changes, or developments within an organization, industry, or individual's life.