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Briefly Discuss When It Makes Good Strategic Sense for a Company

question 56

Essay

Briefly discuss when it makes good strategic sense for a company to consider diversification.


Definitions:

Robert Plutchik

An American psychologist who proposed the "wheel of emotions," which identified eight basic emotions and eight advanced emotions each composed of two basic ones.

High Need

A subjective state or condition that requires a specific resource, object, or condition for satisfaction or fulfillment.

Achievement

The process or act of achieving something, typically involving effort or skill, leading to success or attainment.

Violent Crimes

Acts of crime that involve force or threat of force against others, including homicide, rape, and assault.

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