If a Company's Core Skills Are Highly Specialized and Have

question 46

True/False

If a company's core skills are highly specialized and have few applications outside the core business, then a company should pursue a related diversification strategy.

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Definitions:

Identity Crisis

An interval characterized by ambiguity and turmoil, during which an individual's identity feels unstable, usually triggered by shifts in societal expectations or personal goals.

Reinforcements

In behavior psychology, stimuli which increase the likelihood of a behavior being repeated, can be positive or negative.

Consequences

The outcomes or results that naturally follow from an action, decision, or condition, whether they are positive or negative.

Respondent Conditioning

A learning process in psychology that involves an automatic response to a specific stimulus, also known as classical conditioning.