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.

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Definitions:

Extrinsic Motivation

Motivation driven by external rewards such as money, fame, grades, or praise, rather than by intrinsic satisfaction in the activity itself.

Intrinsic Motivation

The drive to engage in activities for their own sake, deriving pleasure and satisfaction from the activity itself rather than external rewards.

Biological Motives

Innate drives stemming from biological needs that are essential for survival, such as hunger, thirst, and the need for sleep.

Avoiding Bad Grades

Strategies or actions taken to prevent receiving poor marks in academic assessments, usually involving studying, time management, and seeking help when needed.