A Company Can Best Accomplish Diversification into New Industries by

question 54

Multiple Choice

A company can best accomplish diversification into new industries by

• A) outsourcing most of the value chain activities that have to be performed in the target business/industry.
• B) acquiring a company already operating in the target industry, creating a new business subsidiary internally to compete in the target industry, or forming a joint venture with another company to enter the target industry.
• C) integrating forward or backward into the target industry.
• D) shifting from a strategic group comprised mostly of single-business companies to a strategic group comprised of diversified companies.
• E) employing an offensive strategy with new product innovation as its centerpiece.

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Definitions:

Charismatic Prayer Group

A religious group that emphasizes direct personal experience of God through fervent prayer and the active participation of the Holy Spirit.

Speak in Tongues

a religious phenomenon where individuals speak in languages unknown to them, often considered a spiritual gift in some Christian denominations.

Collective Effervescence

A sociological concept of a community or society's shared energy and harmony experienced during rituals or festivities.

Secularization

The process by which religious institutions, practices, and beliefs lose their social significance, leading to a decline in religious authority and influence in public and private life.