Carefully Explain the Difference Between a Strategy of Related Diversification

question 2

Essay

Carefully explain the difference between a strategy of related diversification and a strategy of unrelated diversification.

Understand the relationship between creativity, innovation, and organisational change.

Analyse the nature and impact of change within contemporary businesses.

Outline different types of organisational change and their objectives.

Understand the role of a manager as a change agent in the workplace.

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Definitions:

Profit or Loss

The financial outcome of a business or investment, determined by subtracting expenses from revenue, indicating either earnings (profit) or shortfall (loss).

Outstanding Balance

The amount of money owed that remains in a borrower's account that has not yet been paid.

Invoice

A document issued by a seller to a buyer, listing goods or services provided, with their prices, and requesting payment.

EOM

EOM stands for "End of Month," which is a term often used in accounting and business to signify deadlines or the conclusion of financial periods.