Diversification Merits Strong Consideration Whenever a Single-Business Company

question 89

Multiple Choice

Diversification merits strong consideration whenever a single-business company

• A)has integrated backward and forward as far as it can.
• B)faces diminishing market opportunities and stagnating sales in its principal business.
• C)has achieved industry leadership in its main line of business.
• D)encounters declining profits in its mainstay business.
• E)faces strong competition and is struggling to earn a good profit.

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Definitions:

Critical Innovation Roles

Critical innovation roles refer to key positions and responsibilities within an organization that are essential for driving and managing innovation processes and outcomes.

Project Managers

Coordinate complex projects with task deadlines and people with many areas of expertise.

Innovation Followers

Innovation followers are companies or individuals that adopt new technologies or practices after they have been proven by innovators and early adopters.

Strategic Leadership

Refers to the ability of an organization's leaders to set visions, formulate strategies, and guide the organization towards its goals.