Concentric Diversification Involves Moving into New Businesses That Are Not

question 42

True/False

Concentric diversification involves moving into new businesses that are not related to the company's original core business.

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Definitions:

Organizational Culture

The shared values, beliefs, and practices that characterize an organization and influence its members' behavior.

Embraces Diversity

The practice of acknowledging, valuing, and leveraging differences in the workforce to create an inclusive and innovative organizational culture.

Leadership

The ability to guide, inspire, and influence others to achieve a common goal, often involving vision, communication, and decision-making skills.

Business Strategy

A plan of action designed to achieve a long-term or overall aim within the competitive setting of a business.