The Procedure for Evaluating the Pluses and Minuses of a Diversified

question 119

Multiple Choice

The procedure for evaluating the pluses and minuses of a diversified company's strategy includes

• A) assessing the attractiveness of the industries the company has diversified into.
• B) assessing the competitive strength of each business the company has diversified into to see which ones are the strongest/weakest contenders in their respective industries.
• C) ranking the performance prospects of the various businesses from best to worst and determining the priorities for resource allocation.
• D) checking the competitive advantage potential of cross-business strategic fits and also checking whether the firm's resources fit the needs of its present business lineup.
• E) All of these.

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Definitions:

Stimulant

Substances that increase alertness, attention, and energy by accelerating the function of the central nervous system.

Self-Serving Bias

The common human tendency to attribute success to personal factors and failures to external factors for oneself.

Success Responsibility

The notion that individuals are accountable for their achievements and should take credit for their successes.

Medical Model

The concept that diseases, in this case psychological disorders, have physical causes that can be diagnosed, treated, and, in most cases, cured, often through treatment in a hospital.