Diversification into New Industries Deserves Strong Consideration When a

question 73

Multiple Choice

Diversification into new industries deserves strong consideration when a

• A) single-business company can achieve profitable growth opportunities in its present industry.
• B) single-business company needs to develop a corporate-wide strategy.
• C) single-business company needs to develop a multi-line strategy.
• D) single-business company encounters diminishing market opportunities and stagnating sales in its principal business.
• E) multiple-business company encounters enhanced market opportunities and increasing sales in its principal business.

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Definitions:

Culturally Endorsed

Refers to practices, beliefs, or behaviors that are supported or promoted within a specific culture.

Leaders' Capacity

The ability or potential of leaders to perform functions, lead effectively, make decisions, and inspire others.

Path-Goal Theory

A leadership theory that suggests leaders can enhance subordinates' performance and satisfaction by clarifying the paths to goals and removing obstacles to performance.

Improving Performance

The process of enhancing the effectiveness, quality, or efficiency of an operation, activity, or individual's output.